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Premier market firms see KD 1.5 billion surge in just 15 sessions

The market capitalization of thirty-four elite companies increased, raising their total market value to KD 37.33 billion, which represents 81% of the Kuwait Stock Exchange’s total capitalization of KD 46 billion.

Leading stocks in the premier market of the Kuwait Stock Exchange accounted for 78% of the markets KD 1.92 billion gains. The first market index rose by 4.2% in 2025, slightly behind the 4.3% increase in the general market index.

The liquidity flowing into first market shares since the beginning of 2025 has reached KD 834 million, with a daily average of KD 56 million. This represents about 67% of the total liquidity in the Kuwait Stock Exchange, which recorded KD 1.25 billion, averaging KD 83 million per day.

 

Companies listed in the premier market of the Kuwait Stock Exchange recorded significant gains in market value from the beginning of the year until January 23, covering fifteen trading sessions, according to Al Anba newspaper.

The market capitalisation of thirty four elite companies increased by KD 1.5 billion, raising their total market value to KD 37.33 billion, which represents 81% of the stock exchange’s total capitalisation of KD 46 billion.

According to exclusive data compiled by Al-Anbanewspaper on the performance of stocks listed in the premier market of the Kuwait Stock Exchange, leading stocks accounted for approximately 78% of the market’s total gains since the beginning of the year, amounting to around KD 1.92 billion.

The first market index has risen by 4.2% in 2025 so far, compared to a 4.3% increase in the general market index. Since its inception on April 1, 2018, the first market index has gained 63%, reflecting an average annual return of 9.5% over seven years. In comparison, the general market index recorded gains of 53.5% during the same period, equivalent to an average annual return of 7.8%.

This robust performance of leading stocks continues the positive trend from 2024 when these companies achieved gains of about KD 2.5 billion, bringing their market value to KD 35.84 billion by year-end—a 7% increase. These leading stocks contributed 66% of the stock exchange’s total gains of KD 3.6 billion last year.

Strong liquidity

The liquidity flowing into first market shares since the beginning of 2025 has reached approximately KD 834 million, with a daily average of KD 56 million. This represents about 67% of the total liquidity in the Kuwait Stock Exchange, which recorded KD 1.25 billion, averaging KD 83 million per day.

In 2024, first market shares accounted for approximately 66% of the total liquidity in Boursa Kuwait, amounting to about KD 14.8 billion. This follows their 80% contribution to market liquidity in 2023, which totaled KD 10.6 billion.

First market shares have consistently proven to be the leading stocks and the backbone of the stock exchange in terms of liquidity, fundamentals, and market value. Since the implementation of the new market segmentation on April 1, 2018, first market shares have attracted a total liquidity of KD 55 billion, equating to 72% of the Kuwait Stock Exchange’s total liquidity of KD 76.7 billion during the same period.

It is noteworthy that a significant portion of liquidity flowing into the Kuwaiti stock market in 2024 was directed towards main market shares. This trend has continued into 2025, with the main market attracting liquidity of about KD 412 million so far.

Investors are targeting leading companies in the main market for long-term opportunities while speculating on other stocks. Since its inception, the main market has accumulated a total liquidity of approximately KD 21.2 billion, representing 28% of the Kuwait Stock Exchange’s overall liquidity.

Positive reviews

In line with the strong financial performance of most first market companies in 2023 and 2024, the valuations of these shares began to decline, gradually returning to appropriate levels during 2024. This trend has continued into the current year, despite the notable rise in the value of most first market shares in recent months.

The average trailing price-to-earnings (P/E) ratio for the first market stands at approximately 17, compared to the higher range of 20 to 25 in previous years. Meanwhile, the average price-to-book ratio is 1.85.

The profitability multiples (P/E ratios) of several first market shares show significant improvement, including 8 times for Human Soft and Kuwait Investment, 28.6 times for Boubyan Bank, 29 times for Jazeera Airways, and 28 times for Warba Bank.



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