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    Updated: May 31 08:30 a.m. Local Time
  • Prayer Timings

    Kuwait Prayer Times
    Saturday,May 19,2012

    • Fajr 03:23 AM
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    • Dhuhr 11:45 AM
    • Asr 03:20 PM
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  • Market Indices
    Price: 1060-20
    Open: 1080High: 1080
    Low: 1060Close: 1060
    Volume: 957,500
    • Summary
      StatusIndexChange %Volume
      Market Closed5916.2-0.67 155,685,000
    • Top Gainers

      Company Chg. % Cur. Price
      AREEC9.26118
      MANAFAE8.4764
      MANAFAE8.4764
      ISKAN8.3332.50
      GFH6.8539
      GFH5.4838.50
      URC4104
      UIC3.77110
      ALIMTIAZ3.70168
      CBK3.66850
    • Top Losers
      Company Chg. % Cur. Price
      SAFWAN-16.67750
      SAFRE-13.8915.50
      RKWC-8.47108
      IRC-7.5830.50
      GFC-7.5018.50
      SHOP-6.8568
      ALAMAN-6.5835.50
      FUTURE-6.35295
      JEERANH-6.1077
      MAYADEEN-6.0615.50
    • By Volume
      Company Volume Price
      IFA`R15,840,00041
      SENERGY`R14,320,00046
      ALSAFAT`R13,960,00078
      URC`R13,840,000104
      ABYAAR`R11,280,00030
      ALSAFWA`R6,960,00017
      SAFTEC`R4,840,00059
      GFH`R4,640,00039
      ALIMTIAZ`R3,960,000168
      KRE`R3,600,00050
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Monthly Briefs

Oil

Monthly analysis of latest developments and trends in the global oil market and their implications for Kuwait's public finances

 

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Monetary Developments

Monthly analysis of key monetary and banking developments in Kuwait

  • 02 May, 2012: Credit and money supply post jumps in March
  • 04 April, 2012: Credit sees significant gains in February…portends better credit growth than 2010 and 2011
  • 15 March, 2012: Credit growth eased slightly in January with strength limited to personal lending
  • 21 February, 2012: Total bank credit closed 2011 up KD 411 mn, or 1.6%
  • 18 January, 2012: Credit up KD 100 million, led by gains in personal facilities and in productive sectors
  • 24 December, 2011: Another good advance in October, led by personal facilities
  • 12 November, 2011: Improved credit gains in September, up KD 135 million…Large M2 expansion
  • 17 October, 2011: Credit up slightly in August…deposits rise 1%
  • 27 September, 2011: Credit flat in July…deposits are up
  • 05 August, 2011: Credit gains in June… M1 and M2 post declines
  • 29 June, 2011: Credit falls in May… M2 shrinks while M1 expands
  • 14 June, 2011: Growth in credit to household/consumer sector remains healthy… Large M1 expansion in April
  • 26 April, 2011: Growth in credit to Real Estate offset by declines in other sectors…
  • 02 March, 2011: Real estate loans up considerably in January boosting credit growth
  • 05 February, 2011: Flat year for credit in 2010...Business was cautious
  • 13 December, 2010: Credit growth stabilizing… Dinar gains on Euro following European sovereign debt worries
  • 02 November, 2010: Credit growth may be stabilizing, further recovery awaits government spending
  • 09 October, 2010: Despite an increase in August, year-on-year credit growth softens to 2.1%…
  • 01 September, 2010: Seasonal decline in M2, credit flat, consumer lending strong
  • 27 July, 2010: Credit falls KD 253 mn, driven by loan repayments, following Zain's African assets sale … Deposits flat…
  • 12 July, 2010: Increased real estate activity boosts credit, but growth in general remains subdued
  • 09 June, 2010: April credit picks up mildly, led by a small advance in the “productive” sectors
  • 21 April, 2010: Slow activity in March in the run-up to the Zain-Bharti deal
  • 23 March, 2010: Productive sectors helping credit growth
  • 09 March, 2010: January credit growth weak
  • 09 February, 2010: Soft credit growth in 2009, 6.1% in December y/y
  • 11 January, 2010: Credit growth improves in November with help from rising deposits and better demand
  • 23 November, 2009: Modest credit growth in October despite rising deposits at banks
  • 11 November, 2009: Credit growth improves in September...Resident deposits increase slightly while foreign deposits fall further
  • 11 October, 2009: Credit growth remains modest...Deposits slide subsides as holiday season ends
  • 11 August, 2009: Credit growth improves, though not to pre-crisis level...Resident deposits decline for the first time this year
  • 30 June, 2009: Bank credit recovers from drop in April...Resident deposits grow, non-resident still down
  • 01 June, 2009: Total bank credit drops...only real estate and consumer loans up
  • 28 April, 2008: Credit growth slow despite pickup in real estate loans...CBK cuts discount rate 25 bps to 3.5%
  • 31 March, 2009: Government and institutional funds offset further outflows...Credit growth decelerates on weak demand
  • 11  March, 2009: Credit growth decent in January...Government and institutional funds offset continued non-resident outflows
  • 02 February, 2009: Further credit slowdown at the end of 2008...Government considering further action to support economy
  • 14 January, 2009: Outflows and market uncertainty prompt further action by the CBK...Government counters outflows with large injections

 

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Public Finance

Regular analysis of  Kuwait's latest budget figures

  • 23 April, 2012: FY 11/12: High oil prices and sluggish spending to generate a record budget surplus
  • 13 March, 2012: FY 11/12: Sluggish spending and high oil prices to generate a record budget surplus
  • 23 February, 2012: FY 11/12: Capital spending slightly off on the year…should pick up later in the year…
  • 23 December, 2011: FY 11/12: Spending pace slightly behind historic trend… Revenues well ahead of target…
  • 29 November, 2011: FY 11/12: Mid-year revenues top full year target… KD 9 billion budget surplus expected…
  • 08 November, 2011: FY 11/12: Revenues well above target… Budget on track for a KD 9 billion surplus…
  • 20 September, 2011: Kuwait records its 12th surplus: KD 5.3 billion last year
  • 03 August, 2011: Budget FY 2011/12: Large increases in wages and salaries, and another large surplus 
  • 09 May, 2011: Large surplus in FY10/11, expected at KD 4.5 billion with release of closing accounts
  • 09 March, 2011: Another surplus this year…on-budget capital spending on track
  • 27 January, 2011:  FY10/11: Oil revenues way ahead of budget, surpluses again for this year and next
  • 16 January, 2011: FY10/11: Non-oil revenues up on UNCC payment… Infrastructure spending moving forward
  • 08 December, 2010: Oil and non-oil revenues up 19%… Infrastructure spending improves
  • 08 November, 2010: Mid-FY 10/11: Revenue target reached for the year… Budget on track for a KD 3-5 billion surplus…
  • 15 September, 2010: KD 6.4 bn surplus in FY 2009/10…11th consecutive surplus
  • 03 August, 2010: Demand-impacting spending up 15% in new budget
  • 2 June, 2010: FY09/10 preliminary accounts: Stronger capital spending… Large KD 6.0 bn surplus expected
  • 25 August, 2009: Capital spending in FY2008/09 saw less growth than other budget chapters...and is set to shrink in FY2009/10...budget likely to remain in surplus in FY2009/10
  • 19 May, 2009: FY08/09 budget surplus close to 3.0-3.5 bn KD...still awaiting closing accounts
  • 17 March, 2009: Government spending strong last 2 fiscal years...further strength needed in FY09/10 to support economy

 

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Real Estate

Monthly analysis of Kuwait's real estate activity

  • 01 May, 2012: Steady sales activity in March, Q1 total sales up 24% y/y
  • 24 March, 2012: Solid sales activity in February despite holiday, driven by the residential sector
  • 28 February, 2012: Strong sales for January, KD 318 million
  • 25 January, 2012: 2011 total sales up 35% for the year
  • 28 December, 2011: November sales slow down for holiday…activity should return to trend
  • 12 December, 2011: October sales activity expands further after seasonal slowdown
  • 21 November, 2011: Sales activity in September improved after seasonal slowdown
  • 20 October, 2011: Sales activity slows in August, likely due to seasonal effect and Ramadan.
  • 13 September, 2011: Sales performance in July remains steady, investment sector still leading
  • 30 July, 2011: Good sales performance maintained in June, led again by the investment sector
  • 11 July, 2011: Strong sales in May underpinned by a surge in residential sector activity
  • 07 June, 2011: Strong April real estate sales reach highest level since 2007
  • 27 April, 2011: March sales uptrend continues…good performance in all sectors
  • 14 March, 2011: Trend remains positive despite drop in January… investment property strong
  • 16 February, 2011: Real estate activity closes year of recovery with good month in December
  • 12 January, 2011: Real estate transactions see a further steady rise in November
  • 16 December, 2010: Real estate transactions bounce in October, but by less than expected
  • 26 October, 2010: Real estate activity remained light in September, likely Ramadan-related
  • 06 October, 2010: August data show real estate activity remained in summer lull
  • 25 August, 2010: Real estate sales fall in July, likely the result of seasonal factors
  • 26 July, 2010: Transactions levels ease back in June, but remain high
  • 23 June, 2010: Strong residential and apartments sales in May
  • 25 May, 2010: Real estate activity sees second strong month in April
  • 22 April, 2010: Real estate sales surge in March
  • 30 March, 2010: Real estate transactions off in February
  • 02 March, 2010: January real estate activity eases after end year strength
  • 03 February, 2010: Real estate sales enjoy strong end to poor 2009. Transactions approach pre-crisis levels
  • 24 December, 2009: Recovery in real estate sales continues through November
  • 24 November, 2009: Real estate sales bounce back in October following Ramadan slump
  • 16 November, 2009: Real estate sales drop sharply in September, likely affected by Ramadan
  • 30 September, 2009: Real estate sales slip in August, but gradual recovery still on track
  • 08, September 2009: Further signs that real estate activity has bottomed-out
  • 30 July, 2009: June apartments sales puch real estate sales to their highest level this year
  • 05 July, 2009: Real estate activity has its second weakest month this year
  • 04 June, 2009: Slight increase in real estate sales during April, led by commercial and apartments sales
  • 06 May, 2009: Real estate sales remained weak during first quarter of 2009...SBC loans firm
  • 04 March, 2009: Downward trend in real estate sales volume continued during January, the lowest since September 2005
  • 02 February, 2009: Real estate sales volume dipping 33% during 2008, with residential sales falling 45%
  • 25 January, 2009: Strong growth in real estate sales volume during November led by a strong jump in residential sales

 

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