• May 11, 2022

    GCC markets trend upward on positive economic outlook and corporate earnings

    Kuwait’s All Share Index gained 2.6% in the month of April supported by improved economic outlook and positive earnings reports. Oil prices were up by 1.3% for the month. Among sectors, Boursa Kuwait’s Telecom sector was the top gainer, rising 11.9% followed by Industrials which increased by 10.2%. Insurance sector declined the most for the month at 4.9%, followed by Energy, which declined by 3.8%. Among Premier Market stocks, Gulf Cable and Electrical Industries Company and Jazeera Airways were the...

  • April 4, 2022

    Biggest & Fastest Wealth Creators in GCC (2012-2021) Surprisingly it is not a static list

    Investor’s motive to invest in any asset or company is to increase their wealth. Likewise, companies also aim to increase their operating performance, expand their assets, and add value to their shareholders. In GCC markets, top 25 wealth creating companies have added USD 330billion wealth to their shareholders over the last 10-year period (2012-21). The pace of wealth creation of these companies is also robust with a CAGR of 36% compared to S&P GCC Composite Index with a CAGR of...

  • March 7, 2022

    GCC markets positive on multi-year high oil prices

    In line with its GCC peers, Kuwait’s all share index gained 3.9%, supported by a continued up-trend in oil prices. Oil prices, which acted as an important factor driving the GCC stock market performance, breached the USD 100 per barrel mark in the month of February. Among sectors, Boursa Kuwait’s Telecom sector was the top gainer, rising 10.9% followed by Consumer Discretionary at 7.6%. Technology and Energy sector index declined, falling 8.7% and 5.0% respectively. Boursa Kuwait’s banking sector index...