Specialized Economic Report: Kuwait Stock Exchange Performance Review (Jan-May 2025)

Market Liquidity Highlights:

• Total liquidity reached 10.5 billion KWD (~$32.2 billion) in first five months

• Average daily trading value: 107.6 million KWD (~$330.3 million), representing 87.5% YoY increase from 2024's 57.4 million KWD (~$176.2 million)

*May 2025 Performance (Al-Shall Consulting Report):*

• Monthly liquidity declined to 1.8 billion KWD (~$5.5 billion) from April's 2 billion KWD (~$6.14 billion), marking 9.1% decrease

• Daily trading average fell to 86.9 million KWD (~$266.7 million), down 9.1% from April's 95.5 million KWD (~$293.18 million)

Market Concentration Trends:

• 50% of listed companies captured only 3.7% of total liquidity

• 50 companies accounted for just 1.3% of trading volume

• One company recorded zero transactions

Index Performance:

• Premier Market Index: +2.9%

• Main Market 50 Index: +1.6%

• General Market Index: +1.9%

• Main Market Index: -2.6%

Small-Cap Liquidity Paradox:

• 12 relatively small but liquid companies (3.5% of total market cap) captured 37.3% of liquidity

• Within this group, 2 companies (0.5% market cap) accounted for 22.8% of year-to-date liquidity

Exchange Background:

• Established: April 2014 as Kuwait Stock Exchange Company

• Since 2016: Driving innovation in capital markets while supporting CMA, issuers, and investors

• Strategic Role: Developing Kuwait's financial markets and diversifying the national economy in line with New Kuwait 2035 vision