Kuwait Stock Market Closes in the Red - Sarmad

The Kuwait Stock Exchange closed its trading today, Sunday, with its general index down by 65.10 points, or 0.73 percent, to stand at 8,848.06 points. A total of 347 million shares were traded across 24,547 cash transactions, valued at 91.5 million Kuwaiti dinars (approximately $298.2 million US dollars).

The main market index fell by 94.49 points, or 0.99 percent, to reach 9,435.60 points, through the trading of 221.4 million shares across 15,809 cash transactions, valued at 44 million dinars (approximately $143.4 million).

The first market index declined by 62.21 points, or 0.67 percent, to stand at 9,182.24 points, with 125.6 million shares traded in 8,738 cash transactions, valued at 47.4 million dinars (approximately $154.5 million).

The “Main 50” index dropped by 208.69 points, or 1.81 percent, to reach 11,310.57 points, through the trading of 169.1 million shares across 10,288 cash transactions, valued at 30.6 million dinars (approximately $99.7 million).

The most gainer stocks were Kuwait Finance House (KFH), Gulf Bank, Petrochemical Industries Company, and Kuwait Cement Company, while the biggest decliners were Meraat Holding, Nabisco, Al-Deyr, and Mubadil.