Kuwaiti investors drive significant growth in 2023

According to the latest market trading volume statistics, Kuwaiti investors demonstrated increased interest, with their investments growing by 137.27 million dinars during the first nine months of 2023, and a noteworthy surge of 21.27 million dinars in September alone.

Individual Kuwaiti traders increased their investments by 41.15 million dinars, while Kuwaiti institutions and companies contributed to the growth with a substantial 131.38 million dinars. However, Kuwaiti investment funds experienced a decrease of 7.09 million dinars, and client portfolio investments fell by 28.16 million dinars.

Meanwhile, Gulf investments encountered a decline of 136.63 million dinars over nine months, with an additional drop of 18.79 million dinars in September. Gulf individuals displayed increased investments totaling 12.368 million dinars during this nine-month period, but Gulf institutions and companies witnessed a significant decline of 145.18 million dinars. Gulf investment funds also faced a decrease of 3.89 million dinars, while client portfolio investments increased by 70.1 thousand dinars.

In contrast, foreign investments took a different path, declining by 641.8 thousand dinars since the beginning of the year, with a further decrease of 2.483 million dinars in September. Foreign individuals reduced their investments by 613 thousand dinars over nine months. On the flip side, foreign institutions and companies increased their investments by 4.6 million dinars, while foreign investment funds added 4.67 million dinars to their portfolios.

Additionally, there were changes in the number of active trading accounts on the Kuwaiti Stock Exchange. Active trading accounts increased by 6.1% from the start of 2023, rising from 17,702 accounts in December to 18,790 accounts by the end of September, with a monthly increase of 2.5%. Nevertheless, compared to September 2022 when there were 19,590 accounts, there was a 4.1% decline on an annual basis.

Active Kuwaiti accounts in September totaled approximately 17.07 thousand accounts, compared to 16.63 thousand in August, and dormant Kuwaiti accounts increased marginally from 381.52 to 381.73 thousand accounts.

Meanwhile, active Gulf accounts decreased from 265 accounts in August to 262 accounts in September, while inactive Gulf accounts increased from 4.3 thousand accounts to 4.31 thousand accounts. Active foreigner accounts grew from 1,447 accounts in August to 1,458 accounts in September, and inactive foreigner accounts increased from 16,819 accounts to 16,840 accounts.