Kuwaiti investors invest in Abu Dhabi Stock Exchange three months in a row

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Confidence returns in Gulf stock exchanges

KUWAIT CITY, March 22: Kuwaiti investors continue to pump more of their investments in the Abu Dhabi Stock Exchange for the third month in a row in conjunction with the start of the availability of the COVID-19 vaccine and the return of confidence in the Arab and Gulf stock exchanges, reports Al-Anba daily. The net trading value of Kuwaiti investors in the Abu Dhabi Stock Exchange by purchase in last February reached about 39.23 million dirhams (equivalent to KD 3.24 million) or about KD 10.68 million, through purchases amounting to 67.46 million dirhams (equivalent to KD 5.57 million) or about $18.37 million, and sales of 28.22 million dirhams (KD 2.33 million) or about $7.68 million.

Since the beginning of the year particularly in the last two months, the net trading value of Kuwaiti investors in the Abu Dhabi Market in purchase amounted to 79.91 million dirhams (KD 6.59 million) or about $ 21.7 million, through purchases amounting to 168.45 million dirhams (KD 13.9 million), and operations sale amounting to 88.54 million dirhams (equivalent to KD 7.3 million).

This coincides with the money pumped by foreigners since the beginning of the year particularly during the past two months, which reached KD 3.97 million (equivalent to $ 13.1 million) in Kuwaiti shares as a net purchase of their dealings during that period.