A recent report by Al-Shall Consulting revealed that liquidity in Boursa Kuwait reached approximately 5.837 billion dinars ($17.86 billion) during the first four months of 2026, covering 78 trading days. The figures reflect continued market activity, albeit at a slower pace compared to the same period last year.
According to the report, the average daily trading value stood at around 74.8 million dinars, marking a decline of 33.9 percent from 113.3 million dinars recorded during the corresponding period in 2025. Despite this drop, April showed a noticeable rebound in activity and overall market performance.
Market indices posted gains in April, with the First Market index rising by 4.1 percent, the Main Market index by 11.5 percent, the General index by 5.3 percent, and the Main 50 index surging by 17.2 percent, signaling improved investor sentiment.
Liquidity also increased significantly in April, reaching about 2.114 billion dinars, compared to 1.148 billion dinars in March, an 84.2 percent rise.
The average daily trading value climbed to 96.1 million dinars, up 59.1 percent from 60.4 million dinars in March.
However, the report highlighted a sharp concentration of liquidity, noting that nearly half of listed companies accounted for just 5.1 percent of total trading activity, while 50 companies received only 1.9 percent, and two companies saw no trading activity.
At the same time, a small group of companies with relatively low market value attracted a disproportionately large share of liquidity. Twelve companies, representing just 2.4 percent of total market capitalization, captured 18.2 percent of total liquidity—around 7.4 times their weight in the market.
The report further showed that major players dominated trading, with Kuwait Finance House accounting for about 19.7 percent of total liquidity and National Bank of Kuwait for 11.4 percent. Overall, the First Market accounted for 73.9 percent of total trading value during the period.
In terms of distribution, the First Market attracted about 1.345 billion dinars (63.6 percent of total liquidity), while the Main Market accounted for approximately 768.4 million dinars (36.4 percent). Despite this, liquidity remained unevenly distributed within both markets, with a limited number of companies capturing the majority of trading activity.
The report concluded that liquidity concentration continues to define market behavior, with capital heavily focused on select stocks, while many listed companies receive limited investor attention.
