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00:00 Green screens and indicators that repeat their historical numbers and a lot of liquidity.
00:06 This is how the situation of the Kuwaiti stock exchange has been since the beginning of 2024.
00:11 An active situation that is expected to be verified soon or expected to change.
00:17 And optimism about what is coming, especially at the level of the political file and the upcoming government.
00:23 The end of the crisis was good and people were optimistic, especially now that the country is stable.
00:32 This will give continuity to this movement and the formation of a new ministry.
00:40 People are optimistic about everything and they started to be optimistic in 2024,
00:45 which will be a blessed year for everyone.
00:48 If the changes in inflation and interest rates have put pressure on all markets in the past year,
00:55 then in 2024, and according to many expectations, it may recede or decrease,
01:02 which will bring liquidity back to the markets, plus a sudden downturn for more than a year.
01:08 I am generally optimistic, especially about the second half of 2024.
01:14 In the first half of 2024, there will be a warning from investors about whether the situation will be stable or not.
01:21 But I see more stability in the second half.
01:25 For us, the two issues are oil prices and the geopolitical situation.
01:33 Perhaps the closest verification is the expected financial results for companies from 2023
01:39 and according to the performance of the past three or four years, many companies will announce good profits.
01:46 Many companies are turning to opportunities to achieve profits from distribution,
01:51 in addition to expected capital gains if prices continue to grow.
01:56 The advantages of companies with high financial distribution,
02:00 because we are in a cycle now where the interest rates may decrease,
02:04 and the quality and credibility of their profits will increase in the previous year.
02:12 Based on this, we see that some companies in the banking sector in the region,
02:18 and not in certain markets, enjoy these advantages,
02:24 which are the valuations and financial distribution and credibility in terms of their profits.
02:28 The reception of the Kuwaiti stock exchange in 2024 with profits exceeding 2%
02:34 indicates that the year may be better than the previous one,
02:38 and that the liquidity of immigrants may return,
02:41 but the continuation of the transition is based on positive achievements,
02:45 and without any emotional events, it may turn the investors' psyches in another direction.
02:51 Osama Rashid, CNBC, Kuwait.