Kuwait Stock Market Starts Week with Broad Decline... 'General Index' Loses 65.1 Points

Kuwait’s stock market opened Sunday with a broad decline across major indices. The main index fell 65.10 points, or 0.73 percent, to close at 8,848.06 points, amid trading of 347 million shares through 24,547 cash transactions totaling 91.5 million dinars. The Main Market index dropped 94.49 points, or 0.99 percent, to 9,435.60 points, following the trading of 221.4 million shares in 15,809 transactions worth 44 million dinars. The First Market index also declined by 62.21 points, or 0.67 percent, closing at 9,182.24 points, with 125.6 million shares traded in 8,738 transactions valued at 47.4 million dinars. The “Main 50” index recorded the steepest drop among all indices, falling 208.69 points, or 1.81 percent, to 11,310.57 points, after 169.1 million shares were traded in 10,288 transactions worth 30.6 million dinars. On the stock level, Qeywan A, Gulf T, Petroleum, and Cement led the gainers during the session, while Matarak, Nabisco, Al-Daira, and Mubared were among the biggest decliners.