Kuwait’s local securities index down 2.48 percent
A report recently publicized by the International Investment House revealed that the share price index of the Kuwaiti Stock Exchange closed at 344.2 points on November 29, 2000, reported Al-Rai Al-Aam newspaper. This figure, compared to 378.4 points on September 30, 2000, translates into a 34.2 point fall, which is equivalent to 2.48 percent.
The total market value of the listed companies on the Kuwaiti Stock Exchange amounted to KD 6,307,445,871 by the end of November 2000 compared to KD 6,388,038,991 at the end of October 2000 and KD 6,184,033,265 at the end of December 1999. This implies a 1.3 percent fall compared with the end of October 2000 and a 2 percent rise compared with the end of December 1999.
The Kuwaiti Stock Exchange Authority reported that 221,617,500 shares were traded on the local securities market in November 2000. This trade volume reflects a 51 percent trade decline compared with October 2000.
The Authority reported also that 10,55,214 shares were traded on the local securities market on a daily basis in November 2000. This daily trade volume implies a 49 percent fall compared with the daily trade volume in the previous month of October.
During the month of November, KD 45,284,720 worth of shares were traded on the local securities market. This figure translates into a 59 percent fall compared with the previous month of October.
The Kuwaiti Stock Exchange Authority reported that the daily value of exchanges on the local securities market hit KD 2,156,415 in November 2000. This daily trade value implies a 57 percent collapse compared with the daily trade value in October 2000.
In addition, the Authority reported that 82 listed companies on the local securities had generated KD 400,105,246 total operating profits during the first nine months of 2000. This implies a slight increase of 0.39 percent compared with the corresponding period of the previous year. –(Albawaba-MEBG)