Kuwait Stock Exchange Profits Decline by 18% in the First Quarter

The Kuwait Stock Exchange Company announced today, Tuesday, a decrease in its net profits by 17.8%, reaching 4.31 million dinars (approximately 14.1 million dollars) in the first quarter, compared to 5.25 million dinars a year ago. The company stated on its website that the drop in net profits is attributed to "the decline in operating revenues, primarily due to a reduction in trading volume." Operating revenues amounted to 7.7 million dinars in the first quarter of 2023, compared to 8.8 million dinars the previous year.