Kuwait Stock Exchange Closes Week on Green Note

Key stock market indices closed the week higher, coinciding with the release of Morgan Stanley’s MSCI review of emerging markets, while the banking sector rose by 0.27%. The “First” and “General” market indices increased by 0.16% and 0.14%, respectively, the main market index grew by 0.06%, and the “Main 50” index rose by approximately 0.71%, compared to the previous session’s levels. The session saw the trading of about 304.95 million shares, valued at 74.31 million dinars, through 16,000 transactions. By the close of trading, six sectors advanced, led by the technology sector with a gain of about 1.60%, while six sectors declined, headed by the energy sector with a drop of 1.27%, and the utilities sector remained unchanged. Additionally, prices rose for 50 stocks, fell for 63 stocks, and remained stable for 16 stocks. The “Mawashi” stock led the gainers with an increase of about 16.03%, while the “Imtiazat” stock topped the decliners with a drop of 13.64%. The “Watania” stock led trading activity by volume with approximately 43.02 million shares, and also topped the most active stocks by value with around 7.31 million dinars.