Kuwait Stock Exchange succeeded in achieving remarkable increases during the month of October, as its general index recorded a rise of more than 3.5%, with the market adding market gains of 1.6 billion dinars, equivalent to $5.3 billion.
The pace of trading in the Kuwait Stock Exchange accelerated last October, coinciding with the gradual return of economic activity in the country and the increase in the number of people receiving the Corona virus vaccine; This contributed to an increase in the proportion of vaccinators.
The market's trading volumes jumped at a large pace, amounting to 58.5%, to exceed 9.2 billion shares, compared to 5.8 billion shares last September. Trading values also increased by 25.3% to 1.24 billion dinars, compared to 990.85 million dinars in September.
October's transactions were characterized by the completion of the pace of rise in indicators and variables, most of the trading sessions, with great support from many factors, foremost of which is the stability of the political arena after the decision of the Amiri amnesty.
Also, the optimism prevailing among the age community about the positive financial results of the companies and banks announced so far, especially that 8 banks revealed a growth of 67% by the end of the first nine months of 2021. , according to the newspaper.
The performance of the Kuwaiti stock market during last October's trading was boosted by the rise in the price of a barrel of oil to record levels, as the price of a barrel reached $85 on some days of the month.
It is expected that the Kuwaiti Stock Exchange will continue to recover during the upcoming sessions, with companies continuing to disclose their financial results in turn, in addition to reaping the fruits of the positive political atmosphere, and the government's return to pumping money In the veins of the Kuwaiti economy through spending on capital projects.
