Stock

Boursa Kuwait’s stock surges on its trading debut – Has privatization been a success?

Boursa Kuwait Securities Company has surged more than 10 times since it debuted on the Kuwait Premier Market index on September 14th when it became only the third stock exchange in the MENA region to be listed after the Dubai Financial Market and Tel Aviv Stock Exchange. Share prices rose as high as 1,210 fils and closed the day at 1,055 fils after being priced at 100 fils during the IPO last year. As part of the IPO, 50% of...

Equities off to a flying start in 2019

According to our recently released Monthly Market Review for the month of January, GCC equity markets greeted its investors in celebratory fashion, recording its highest monthly gains in over two years. Investor sentiment was bullish, as the influx of foreign funds, uptick in oil prices and expansionary budget policies are all expected to support corporate earnings growth in 2019. The story was no different in the global markets, as equities continued to be the flavour of the month among investors....

Kuwait and GCC Markets Give up some of the gains in August

According to our recently released Monthly Market Review for the month of August, the positive momentum that prevailed in the recent months among GCC indices has halted during the month as the investors booked their profits. Turmoil in Turkey and pull out of much and long awaited IPO of Saudi Aramco contributed to the negative sentiment. Kuwait all share index lost 0.7% for the month. Despite the losses registered in this month, Saudi Arabian and Kuwait indices’ returns for the...

Banking stocks propel the GCC markets

According to our recently released Monthly Market Review for the month of July, the second half of the year started on a good note for the stock markets of Kuwait and its regional peers, as they continue to yield positive results. Kuwait markets registered a positive performance for the month of July, as its All Share index gained 5.7%, propelling its YTD gains to 9.6%. Among Kuwait’s blue chip companies, Zain, Kuwait Financial House (KFH) and National Bank of Kuwait...

Saudi and Kuwait markets ride the MSCI inclusion wave

According to our recently released Monthly Market Review for the month of June, GCC Stock Markets continued to post positive results, marking another positive month. The S&P GCC index was up 1.1% for the month and is now up 9.9% for the year, making it as one of the best performing regions in the world. Both MSCI EM and MSCI World were negative for the month. MSCI EM shed 4.6%, while, MSCI World lost 0.2%. The performance of S&P GCC index was...

All-Time Highs – Kuwait 15 Index Stocks

Instead of analyzing the index we are going to  analyze performance on a stock level and measure the divergence from the recorded all-time highs (ATH) of the respective stocks since fundamentally sound stocks (good top and bottom line growth, sound management etc.) consistently establish new ATH’s reflecting growth and opportunities. While stagnant companies may struggle to re-conquer their ATH’s and can thus test investor patience (Japan for e.g.). Looking at Kuwait 15 Index constituents, the only positive news comes from...

MENA Markets: What Happened in July?

The blazing summer heat encouraged the yearly migration of GCC tourists to cooler locations. These past few years this “summer hibernation” has coincided with the holy month of Ramadan, which acts as a double whammy for stock markets in the region. And if that wasn’t enough, the lifting of Iran sanctions sent oil prices tumbling down, with IPE Brent falling 17.9% to USD 52 in July, and the sell-off in the Chinese markets had a pronounced impact in the region....