Statistics show the list of holdings of the Public Institution for Social Security (PIFSS) in the shares listed on the Kuwait Stock Exchange (and it includes 32 shares) with properties valued at about 2.5 billion dinars, according to the closures of those companies at the end of last year’s trading.
The PIFSS returns from its stock portfolio on the Kuwait Stock Exchange increased by about 20% compared to the prices of those shares at the end of 2021, assuming that these properties are stable, knowing that these properties rise and fall flexibly throughout the year for investment reasons, and bonus dividend shares are added to them, along with this the calculated properties are only above 5%, as the percentage that must be disclosed, reports Al-Qabas daily.
With this ratio, the share of the PIFSS in the total market value of the Kuwait Stock Exchange is about 5.4%, to maintain its share as the second largest government investor in Kuwaiti stocks after the Kuwait Investment Authority.
KFH share tops the list of the most valuable shares in which it owns the “insurance” portfolio, as the value of the corporation’s share in the bank exceeded one billion dinars, representing about 40% of the total portfolio.
Despite the change in the investment orientations of the institution due to the considerations and variables of the global economic conditions, it seems that the trends of the “insurance” stock portfolio in the local market are stable, given the first considerations the good returns it achieves and the second its role as a national institution in supporting the market, with the exception of buying and selling operations for investment reasons.
The levels of “cash” in the institution’s investment portfolio decreased from 41.2 percent as on March 31, 2016, to less than 4 percent as on March 31, 2021, according to the approved five-year plan developed by Cambridge Associates in 2016, while it decreased from 3 percent by the end of March 2022.
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