CrazY
September 19th, 2007, 02:36 AM
(MENAFN (http://www.menafn.com/qn_news_story_s.asp?StoryId=1093166973) - Kuwait News Agency (KUNA))
Investments of local investment companies, both conventional and Islamic ones, witnessed a notable growth by 43.7 percent to KD 23 billion until July compared to the same month of last year.
The Kuwait News Agency (KUNA) has monitored the orientations of such investments and their sectors inside and outside Kuwait through several official sources, including the Central Bank of Kuwait (CBK) and investment companies.
They included direct investments, involving the local bourse, world markets, bonds and investment funds, and indirect investments through funds run by investment companies, in addition to other investments.
Concerning direct investments, the favorable growth of the Kuwait Stock Exchange (KSE) index has unequivocally contributed to the achievement of high profits by investment companies through raising their quotas and contributions to KSE-listed companies, which hit around KD 13 billion, up 60.4 percent.
Between July 2006 and July 2007, the KSE index exceeded 3,000 points from 9427 to 12527 points.
Investments by these companies at international markets also grew up by 39.
7 percent to roughly KD 1.3 billion (USD 4.5 billion).
Regarding their investments in investment funds, they totaled KD 1.45 billion, including KD 1.22 billion in local funds and the rest in foreign funds outside Kuwait.
They also had direct investments in bonds worth KD 200 million, equally divided between local and global markets, together with other kinds of direct investments worth KD 1.4 billion in the local market and KD 392 million in international markets.
Indirect investments in over eighty registered investment funds in Kuwait markedly grew by around 33 percent to KD 3.2 billion.
They were varied between contributions to the local stock exchange and world bourses at a value of KD 1.8 billion, local and global bonds worth USD 100 million, and contributions to other investment funds estimated at USD 900 million.
Other investments amounted to KD 1.3 billion, a growth rate of 35.5 percent.
The number of Kuwaiti investment companies, which are subject to the CBK's surveillance, hit 77 in July against 51 companies a couple of years back.
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at least some good news out of kuwait !
Investments of local investment companies, both conventional and Islamic ones, witnessed a notable growth by 43.7 percent to KD 23 billion until July compared to the same month of last year.
The Kuwait News Agency (KUNA) has monitored the orientations of such investments and their sectors inside and outside Kuwait through several official sources, including the Central Bank of Kuwait (CBK) and investment companies.
They included direct investments, involving the local bourse, world markets, bonds and investment funds, and indirect investments through funds run by investment companies, in addition to other investments.
Concerning direct investments, the favorable growth of the Kuwait Stock Exchange (KSE) index has unequivocally contributed to the achievement of high profits by investment companies through raising their quotas and contributions to KSE-listed companies, which hit around KD 13 billion, up 60.4 percent.
Between July 2006 and July 2007, the KSE index exceeded 3,000 points from 9427 to 12527 points.
Investments by these companies at international markets also grew up by 39.
7 percent to roughly KD 1.3 billion (USD 4.5 billion).
Regarding their investments in investment funds, they totaled KD 1.45 billion, including KD 1.22 billion in local funds and the rest in foreign funds outside Kuwait.
They also had direct investments in bonds worth KD 200 million, equally divided between local and global markets, together with other kinds of direct investments worth KD 1.4 billion in the local market and KD 392 million in international markets.
Indirect investments in over eighty registered investment funds in Kuwait markedly grew by around 33 percent to KD 3.2 billion.
They were varied between contributions to the local stock exchange and world bourses at a value of KD 1.8 billion, local and global bonds worth USD 100 million, and contributions to other investment funds estimated at USD 900 million.
Other investments amounted to KD 1.3 billion, a growth rate of 35.5 percent.
The number of Kuwaiti investment companies, which are subject to the CBK's surveillance, hit 77 in July against 51 companies a couple of years back.
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at least some good news out of kuwait !