The operator of the Kuwaiti stock exchange, Boursa Kuwait, has obtained a 14.5% rise in net profit, amounting to KD 14.43 million ($47.08 million), compared to KD 12.60 million ($41.11 million) in the same period in 2023.
The company’s operating profit surged by 21.27%, increasing from KD 14.79 million ($48.25 million) to KD 17.93 million ($58.50 million).
The company’s total operating revenues for this period grew by 16.42% to KD 26.20 million ($85.48 million). Earnings per share also saw an increase from 62.75 fils to 71.85 fils, a 14.50% rise.
Boursa Kuwait’s consolidated assets rose by 4.34% to KD 118.99 million ($388.21 million), while shareholders’ equity increased by 4.53% to KD 63.80 million ($208.15 million).
Boursa Kuwait Chairman, Mr. Hamad Mishari Al-Humaidhi, emphasized the strength of their financial results, attributing success to a robust operating model and strategic foresight. He noted the significant increase in net profit as a sign of strong shareholder value and investor confidence.
The exchange also reported significant growth in trading activities, with traded volume rising by 53.54% and traded value by 35.8%. The Main Market saw increased activity, accounting for 35% of traded value. Institutional investors dominated the market with 62% of the traded value, while foreign participation grew significantly.
