Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019 | ZAWYA MENA Edition

Profits of 157 Kuwaiti listed firms grow 6% in Q2 2019 | ZAWYA MENA Edition:

The overall profits of 157 Kuwaiti companies listed on Boursa Kuwait rose by 5.7% year-on-year during the second quarter of 2019.

Total profits of the period soared to KWD 542.013 million ($1.79 billion) in Q2-19 from KWD 512.993 million ($1.69 billion) in Q2-18, according to data collected by Mubasher.

The banking sector led the quarterly top gainers with 56.1% of Boursa Kuwait’s total profits at a value of KWD 303.89 million, followed by the financial services sector which acquired 13.9% at a value of KWD 75.35 million.