Finance Boursa Kuwait’s earnings rise on higher trading volumes By Pramod Kumar July 31, 2024, 5:08 AM Kuna Total operating revenues of the Boursa Kuwait's owner rose 13% annually to KD17.2 million in H1 2024 The operator of the Kuwaiti stock exchange said its net profit rose 11 percent year on year in the first six months of 2024 as a result of higher trading volumes. Boursa Kuwait’s earnings jumped to KD9.4 million ($31 million), compared with KD8.4 million a year ago. Total operating revenues rose 13 percent to KD17.2 million from KD15.1 million in the same period last year. NewsletterGet the Best of AGBI delivered straight to your inbox every week Trading volumes increased 58 percent to 27 billion shares, from 17 billion shares a year earlier. Additionally, the traded value rose 32 percent yearly to KD6.6 billion. Consolidated assets rose 3 percent from KD110 million last year to KD 113 million in the first six months of 2024. Shareholders’ equity increased 3.3 percent year on year to KD59 million. Large deals drive Qatar and Kuwait real estate in Q2 Kuwait playing catch-up with ambitious green energy plans DFM profit rises 62% on higher trading activity In a press statement, Boursa Kuwait chairman Hamad Mishari Al-Humaidhi said the first-half results confirm that the exchange continues to develop a strong financial market with high liquidity and transparency, capable of attracting both investors and issuers. Boursa Kuwait was the first government entity privatised in 2019 and was listed in September 2020.
