Kuwait Stock Exchange and the Saudi bourse have been distinguished with the best performance among the regional finance markets since start of the year. A report released by the Kuwaiti Projects Company for assets management early in the week said Kamco Total Return Weighted (TRW) Index of the KSE posted, on March 15, the highest closing since five months ago, reaching 2,740.8 points, thus the market value grew $13 billion (KD3.6 billion). The rise constituted some 19 percent of the climb of the overall value of the Gulf markets that reached $68 billion since 2010. The bullish posting came after heavy losses in the market that shed more than $100 billion in 2008 and 2009, the report said, adding that the restoration of the investors' confidence in the market impacted positively on it, where the proportion of its jittering since start of the year amounted to 11.4 percent, in contrast to 27.4 percent of the same period of 2009. The 51 sessions coincided with significant decisions, taken by the official authorities, in addition to the declaration of the financial results of the fiscal year, ending on December 31, 2009, as well as transactions by the listed companies. The decisions and the declarations have positively affected performance of the KSE, since start of the year, particularly the heavy shares, where the Kamco index ended 31 sessions in a bullish manner and 20 others bearishly. Investors are uncertain about the outlook of the stock market, though.
