Net purchases by foreign investors in Kuwait surge in ’24

Foreign interest in the Kuwait Stock Exchange was also enhanced by periodic reviews conducted by global indices such as Morgan Stanley (MSCI) and FTSE Russell. These reviews resulted in foreign inflows totaling 74 million dinars, including 34 million dinars from the MSCI review and 40 million dinars from the FTSE review.

While the net transactions of Kuwaiti investors during the past year were dominated by net sales, which amounted to 73.8 million dinars. Kuwaiti individuals recorded net sales worth 22.3 million dinars, while institutions and companies recorded net sales worth 52.2 million dinars. While investment funds recorded net purchases totaling 5.4 million dinars. The net transactions of Gulf citizens in the Kuwait Stock Exchange during the first four months of 2024 witnessed selling trades amounting to 20.4 million dinars. Gulf individuals recorded net purchases worth 7.2 million dinars, while investment funds recorded net purchases worth 1.9 million dinars.

Regarding foreign ownership of primary market shares, stability was observed in foreign transactions, as ownership percentages remained constant in 20 shares. While foreign ownership rates increased in 4 stocks and decreased in 9 other stocks, which led to a slight increase in the value of their ownership in primary market stocks. The number of active trading accounts in the Kuwait Stock Exchange witnessed a slight increase by the end of April 2024 to reach 17.79 thousand accounts, which represents an increase of 0.45% over the previous month. With this increase, the percentage of active accounts reaches 4.18% of the total accounts eligible for trading on the stock exchange, while the majority of accounts remain inactive.

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