Bourse Liquidity Volume Reaches 15.6 Billion Dinars in First Nine Months of 2026

A specialized economic report published on Saturday stated that the liquidity volume of the Kuwait Stock Exchange during the first nine months of the current year (comprising 181 trading days) reached approximately 15.6 billion dinars (around $47.8 billion).

The report by Al-Shal Consultancies noted that the average daily trading value for the period stood at approximately 86.5 million dinars (around $265.5 million), representing a decline of about 19.1 percent compared to the average daily trading value for the same period in 2025, which was approximately 106.9 million dinars (around $328 million). It also marked a 19.7 percent decrease compared to the 2025 annual average of approximately 107.6 million dinars (around $330 million).

The report clarified that the stock market’s performance in September was mixed compared to August. Although the average daily trading value increased, all market indices posted negative performance. The First Market index fell by approximately 1.3 percent, the Main index by 1.5 percent, the General index by 1.3 percent, and the Main 50 index saw a sharper decline of 7.1 percent.

The report pointed out that stock exchange liquidity was higher in September than in August, reaching approximately 2.448 billion dinars (around $7.515 billion), compared to 1.777 billion dinars (around $5.455 billion) in August, an increase of 37.7 percent.

It added that the average daily trading value for September reached approximately 111.3 million dinars (around $341.6 million), reflecting a 31.5 percent rise over the August average of approximately 84.6 million dinars (around $259.7 million).

The report emphasized that liquidity trends since the beginning of the year indicate that half of the listed companies received only 8.1 percent of that liquidity. Among them, 50 companies accounted for just 3.3 percent, while two companies recorded no trading activity whatsoever.

It further noted that 12 relatively small and liquid companies, representing approximately 3.8 percent of the total market capitalization of listed firms, captured about 19.9 percent of the stock exchange’s liquidity. This means their share of liquidity was approximately 5.3 times their contribution to market capitalization.

The report stated, “This indicates that significant liquidity activity continues to exclude about half of the listed companies, while conversely, it strongly favors companies with minimal market capitalization.”

It highlighted that the First Market accounted for approximately 1.2 billion dinars (around $3.6 billion), or 51.1 percent of the stock exchange’s liquidity. Within this segment, about half of its companies received 76.6 percent of its liquidity, or 39.1 percent of the total stock exchange liquidity, while the other half received the remainder, approximately 23.4 percent of its liquidity.

The report added that the Main Market accounted for approximately 1.1 billion dinars (around $3.3 billion), or 48.9 percent of the stock exchange’s liquidity. Within this segment, 20 percent of its companies captured 72.1 percent of its liquidity, while the remaining 80 percent of its companies received only 27.9 percent of its liquidity, indicating a high level of liquidity concentration.

It specified that the Main Market’s share of total stock exchange trading value during the first nine months of the current year amounted to approximately 36.1 percent.

The report concluded its analysis of the stock market’s performance by comparing liquidity distribution between the First and Main markets, noting a decline in the Main Market’s share of total liquidity in the first nine months of 2026 compared to the same period in 2025. In 2025, the First Market’s share was 56.7 percent, leaving approximately 43.3 percent for the Main Market’s liquidity.