Al-Shal: Kuwait Stock Market Liquidity Volume Reaches 17.131 Billion Dinars in 10 Months - Sarmad

The specialized economic report “Al-Shal” reported on Saturday that the liquidity volume of the Kuwait Stock Exchange during the first ten months of the current year (over 202 trading days) reached approximately 17.131 billion Kuwaiti dinars (about $52.763 billion).

The “Al-Shal Consulting” report clarified that the average daily trading value for the period stood at around 84.8 million dinars (approximately $261 million), representing a decline of about 23.9 percent compared to the average daily trading value for the same period in 2025, which was around 111.4 million dinars (about $343 million). It also marked a 21.2 percent decrease compared to the 2025 annual average of approximately 107.6 million dinars (around $331.4 million).

The report noted that trading activity in October 2026 was lower than in September 2026, with a decline in the average daily trading value across all market indices. Specifically, the “First Market” index fell by about 3.0 percent, the “Main” index by 7.0 percent, and the “General” index (combining both markets) by 3.7 percent. The “Main 50” index experienced a sharper decline of 7.7 percent.

The report indicated that absolute stock exchange liquidity in October was lower than in September, reaching approximately 1.482 billion dinars ($4.564 billion) compared to 2.448 billion dinars ($7.539 billion) in September, a decrease of 39.5 percent.

It further stated that the average daily trading value for October was around 70.6 million dinars ($217.4 million), reflecting a 36.6 percent drop from the September average of 111.3 million dinars ($324.8 million).

According to the report, liquidity trends since the beginning of the year suggest that half of the listed companies accounted for only 7.8 percent of total liquidity (including 50 companies that captured just 3.1 percent, and two companies with no trading activity). Conversely, 12 relatively small and liquid companies, representing only 3.6 percent of the total market capitalization of listed firms, captured 20 percent of the stock exchange’s liquidity. This means their share of liquidity was approximately 5.5 times their contribution to market value, indicating that significant liquidity activity continues to exclude about half of the listed companies and is heavily skewed toward firms with minimal market capitalization.

The report highlighted that the “First Market” accounted for 945.4 million dinars ($2.9 billion), or 63.8 percent of total stock exchange liquidity. Within this market, half of its companies captured 77.9 percent of its liquidity (and 49.7 percent of the entire stock exchange’s liquidity), while the other half received the remaining 22.1 percent.

Additionally, the “Main Market” accounted for 535.6 million dinars ($1.6 billion), or 36.2 percent of total liquidity. Within this segment, 20 percent of its companies captured 81 percent of its liquidity, while the remaining 80 percent of companies received only 19 percent, indicating a high level of liquidity concentration. The report noted that the Main Market’s share of total trading value during the first ten months of the current year was approximately 36.1 percent.

The report concluded by comparing liquidity distribution between the First and Main Markets, noting a decline in the Main Market’s share of total liquidity for the year-to-date period in 2026 compared to the same period in 2025. In 2025, the First Market held 55.5 percent of liquidity, leaving 44.5 percent for the Main Market.