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KUWAIT CITY, March 7: Kuwait stocks forged ahead on Sunday after charting mixed course in the previous week. The All Shares Index rallied 40.65 points to 56,93.97 pts paced by blue chips even as the overall mood turned cheery. The Premier Market sprinted 56.1 points to 6,220.11 pts taking the month’s gains to 63 pts while Main Market added 5.79 points.
The BK Main 50 index was up 12.58 points at 4,840.98 pts. The volume turnover meanwhile rose for the second straight session. Over 232 million shares changed hands – up 11.5 percent from Thursday.
The sectors closed mostly in green turf. Utilities outshone the rest with 3.23 percent gain whereas Technology slid 5.94 pct, the worst performer of the day. Volume wise, Financial Services topped with 113.3 million shares whereas Banking sector dominated with KD 17.88 million.
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KUWAIT CITY, March 2: Kuwait stocks sagged on Tuesday, partly reversing last session’s modest gains. The All Shares Index fell 8.22 pts in a volatile session to 5,677.55 pts weighed by some of the counters even as the broader sentiment remained soggy. The Premier Market slipped 7.63 points to 6,192.98 pts while Main Market eroded 9.94 points. The BK Main 50 was down 6.88 pts at 4,846.37 points. The volume turnover meanwhile shrank after the four-day rise. Over 210 million shares changed hands – down 18 percent from the day before.
The sectors closed mixed. Insurance outshone the rest with 1.7 pct gain whereas Oil and Gas shed 1.23 percent, the worst performer of the day. Volume wise Financial Services topped with 66.3 million shares while Banking sector was ahead in value with over KD 18 million shares. In the individual shares, sector bellwether National Bank of Kuwait dialed up 2 fils on back of 4.8 million shares extending last session’s robust gains while Kuwai
Feb 22 2021, 1:15 AM
February 21 2021, 2:19 PM
February 22 2021, 1:15 AM
(Bloomberg)
(Bloomberg)
Middle East equities rose as optimism surrounding the acceleration in global coronavirus vaccinations outweighed a rise in U.S. yields that may signal the return of inflation.
Israelâs TA-35 climbed as much as 1.2%, while benchmark stock indexes in Saudi Arabia, Bahrain, Abu Dhabi and Egypt also made gains.
âWe see higher inflation expectation as positive for the cyclical parts of emerging markets, such as the MENA region, especially when these expectations are driven by a rebound in the global economic growth which should propel earnings growth,â said Divye Arora, money manager at Daman Investments Psc in Dubai. âHowever, we are also watchful of the pace of increase of 10-year US treasury yields.â
Kuwait s Shamal Az-Zour gets investors nod for two more board members
KUWAIT CITY, February 21, 2021 Shamal Az-Zour Al-Oula Power and Water Company, the first power generation and water desalination company in Kuwait, said its shareholders have approved the recommendation to increase the number of company board members from five to seven. In August last year, the company was listed on Boursa Kuwait’s Premier Market, the first power generation and water desalination company to accomplish this feat. It followed the successful distribution of 50% of the company s shares to Kuwaiti citizens in November 2019. The remaining 50% of shares are owned by different public and private entities.
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KUWAIT CITY, Feb 15: Kuwait stocks crept higher on Monday after treading water in the previous session. The All Shares Index ticked 2.25 points higher in a choppy session to 5698.95 points helped by some of the blue chips even as the broader sentiment remained soggy. The Premier Market rose 4.60 points to 6,214.08 pts paring the month’s losses to 93 points while Main Market gave up 3.21 points. The BK Main 50 was little changed at 4,859.54 pts. The volume turnover meanwhile was a marginal fall following Sunday’s uptick. Over 362 million shares changed hands – down 1 pct from the day before.
The sectors closed mixed. Technology outshone the rest with 13.2 pct gain whereas Oil and Gas shed 0.66 percent, the worst performer of the day. Financial Services topped in both volume and value with over 201 million shares traded for KD 15.4 million. Among the notable movers, Mabanee Co extended last session’s gains with 6 fils jump to 675 fils while National Investment Co s