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Wednesday, October 30, 2024

Net profits of the Kuwait Stock Exchange grow 21% in the third quarter

Net profits of the Kuwait Stock Exchange grow 21% in the third quarter

According to the statement published by the stock exchange on its website, net profits for the first nine months of 2024 amounted to 14.425 million dinars, compared to 12.599 million a year ago, an increase of 14.5 percent.

The statement attributed the increase in net profits in the first nine months on an annual basis to the increase in total operating revenues as a result of increased trading activities.

Last August, the market capitalization of Arab stock exchanges reached $4.174 trillion by the end of the first half of this year, according to Arab Monetary Fund.

The data of the Arab Monetary Fund’s quarterly bulletin issued at that time showed that the market capitalization of the market Abu Dhabi Securities reached $761.54 billion, while the market capitalization of the market reached Dubai The financial value of about 184.8 billion dollars, and the capitalization of the Saudi financial market “Tadawul” reached about 2.68 trillion dollars.

The market capitalization of the Qatar Stock Exchange was $157.9 billionKuwait Stock Exchange About $134.06 billion, the Casablanca Stock Exchange in Morocco $69.4 billion, the Muscat Stock Exchange in the Sultanate of Oman $63 billion, and the Egyptian Stock Exchange $39.07 billion.



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