Kuwait Financial Market
Kuwait Financial Market

The financial market in Kuwait revealed the continuation of the working hours announced for all securities to be from ten in the morning until one o'clock in the afternoon, starting today, Tuesday 8/8/1441 AH corresponding to 7/4/2020 AD.

In a related context, the Kuwaiti financial market revealed the continuation of working hours announced for all listed securities.

And the financial market in Kuwait confirmed, in an official statement this morning, its ability to access all its operational systems, implement market operations at all times and enable market participants to conduct their business normally.

In this regard, a responsible source in the Kuwaiti Ministry of Interior revealed, yesterday evening, Monday, a 24-hour curfew in a number of Kuwaiti cities, including Kuwait, Ahmadi, Jahra and others.

Whereas, the Kuwaiti market in the recent period has reduced the trading hours of all listed securities temporarily, to start at ten in the morning and continue until one o'clock as of Thursday, March 26 last.

At that time, the financial market in Kuwait revealed in a statement posted on its website that the trading sessions are as follows:

- The first session in the Kuwaiti stock market (the opening auction): from 09:30 am to 10:00 am

The second session in the Kuwaiti stock market (the market is open - implementation): from 10:00 am to 01:00 pm

- The third session in the Kuwaiti stock market (closing auction): for listed securities from 01:00 PM to 01:10 PM

The Kuwaiti stock market excludes debt instruments and ETFs.

Fourth session in the Kuwaiti stock market (trading on the closing price): for all listed securities from 01:10 pm to 01:20 pm (debt instruments and ETFs excluded).

Fifth session in the Kuwaiti stock market (the market is closed): for listed securities from 01:20 pm to 02:00 pm - (with the exception of debt instruments and exchange-traded funds as it will be from 01:00 pm to 02:00 pm).

The Kuwaiti stock market confirmed on the Kuwaiti stock market the safety of its systems and operational operations, as it always works to take all measures that would benefit the market and its dealers.

For its part, the Kuwaiti government has reassured all market participants of its ability to access all of its operating systems and implement market operations at all times.

On the other hand, an economic report revealed that the indicators at the present time confirm the cohesion of the economy in Kuwait in light of the circumstance afflicting the economy at the global level in light of the current global economic crisis due to the Corona virus spread in many countries of the world.

The last report revealed that the financial reserves in Kuwait are sufficient to cover Kuwaiti imports by four years (47 months), and the growth came as a result of a continuous rise in demand deposits, which increased by 9.5 percent from February 2019, in addition to an increase in time deposits by 6.6 percent over Yearly basis also until February.

It should be noted that the vital positive indicators at the present time within the Kuwaiti economy until the previous February, increased by 11.3% during the year, as banks ’liabilities on the public sector increased by 17.7% for the same period, while new mortgage loans provided by banks rose 142%. .