The 10 most listed shares on the Kuwait Stock Exchange witnessed an increase in their market value during 2021, a growth rate ranging between 24.6 and 238.5 percent compared to their market value in 2020.
According to statistics prepared by “Al-Rai” and according to “Kamco Invest” figures, the market value of the ten companies — “NBK”, “KFH”, “Boubyan”, “Gulf”, “Burgan” and “Warba”, in addition to the “Agility”, “Al Mabanee”, “Gulf Insurance” and “National Real Estate” was 22.595 billion dinars at the end of last year, accounting for about 53.8% of the total market value of the companies listed on the stock exchange in the closings of 2021, which amounted to 41.962 billion dinars, while the increase in value of the market value of these companies was about 5.828 billion dinars, which constituted about 65 percent of the total gains in the market value of the listed companies last year, i.e. 8.969 billion dinars.
The “National Real Estate” saw the highest rise in market value during 2021, registering an increase of 238.5 percent from 107.8 million dinars at the end of 2020 to 364.9 million dinars at the end of last year, a growth of 257.1 million dinars, which constituted about 2.9 percent of the total increase in the market value of companies sted on the Kuwait Stock Exchange in 2021.
The market value of “Gulf Insurance” rose by about 87.5%, recording 304.5 million dinars at the end of 2021, compared to 162.4 million dinars in the closings of 2020, an increase of 142.1 million dinars, which constituted about 1.6 percent of the total gains in the market value of the listed companies.
The market value of “Agility” increased by 53.7% last year, closing at 2.107 billion dinars, compared to 1.371 billion dinars at the end of 2020, an increase of 736 million dinars, which constituted 8.2% of the total market value gains of Boursa Kuwait companies in 2021.
The market value of “Warba” increased by 47.3 percent from 372 million dinars at the end of 2020 to 548 million dinars at the end of 2021, a growth of 176 million dinars, or about 2% of the total increase in the market value of the listed companies last year, while it grew the market value of “Burgan” increased by 40.6 percent, from 559 million dinars to 786 million dinars, an increase of 227 million dinars, which constituted 2.5 percent of the total gains in the market value of the stock exchange during 2021.
Boubyan’s market value increased by 35.6 percent from 1.852 billion dinars at the end of 2020 to 2.512 billion dinars at the end of last year, with gains amounting to 660 million dinars, which constituted 7.4 percent of the total increase in the market value of stock exchange companies in 2021, while the market value of “KFH” increased by 35.2 percent, from 5.195 billion dinars to 7.023 billion dinars, an increase of 1.828 billion dinars, which constituted about 20.4 percent of the total gains in the market value of the companies listed on the stock exchange last year.
As for “Mabanee”, its market value at the end of 2021 was about 929 million dinars, an increase of 2.3 percent compared to its level at the end of 2020, which had reached 726 million dinars, registering an increase of about 203 million dinars, which constituted 2.3 percent of the total gains in the market value.
Last year the market value of “Gulf” rose by 27.2% from 668 million dinars to 850 million dinars, an increase of 182 million dinars, which constituted about 2% of the total increase in the market value of the companies listed on the stock exchange during the past year.
The market value of “NBK” increased by approximately 24.6% during the past year from 5.754 billion dinars to 7.171 billion dinars, achieving gains amounting to 1.417 billion dinars, or about 15.8 percent of the total market value gains of the listed companies in 2021.
Read Today's News TODAY... on our Telegram Channel click here to join and receive all the latest updates t.me/thetimeskuwait
