The main indices of the Kuwait Stock Exchange closed on a collective increase, with the general index recovering, the receding of concerns about the US banking crisis, and the recovery in oil prices. The first market index rose by 0.23%, and the general index increased by 0.21%, and the main and main 50 indices grew by 0.14%. And 0.13%, respectively, compared to yesterday’s level. The Kuwait Stock Exchange recorded trading during the session, with a value of 30.09 million dinars, distributed over 101.36 million shares, with the implementation of 7.85 thousand transactions. And the indices were supported by the rise of 7 sectors, led by benefits, by 1.16%, while 4 sectors declined At the forefront was technology by 4.35%, while the health care and real estate sectors stabilized. “Jiyad” stock topped the gains by 9.29%, while “Al-Manar” led the declines by 13.62%. Commenting on the session, Raed Diab, Vice President of the Research and Investment Strategies Department, said In KAMCO Investment Company, the general index of the Kuwait Stock Exchange witnessed a recovery, albeit marginally, with the recovery of most other Gulf markets and the rise in oil prices. Raed Diab continued in statements to “Mubasher Information”: “Caution continues despite the receding concerns about the recent crisis of American banks and Credit.” Suisse, with the intervention of governments to alleviate the pressures that faced the sector and the stock market, but there is still a state of uncertainty about global economic growth in light of the uncertainty about the Federal Reserve’s next step regarding raising, fixing or reducing interest rates in the coming period. He said that the rapid and successive rise in interest rates had a negative impact on several sectors, and may lead to a state of economic stagnation, which may cause a decline in lending operations for small and medium-sized companies, affecting employment and growth. Iraq for some of its exports from Kurdistan; Coinciding with the tense situation between Russia and the West, in addition to optimism about the high demand for oil from China, which supports the stock exchanges of oil-exporting countries such as Kuwait. Activity to investment portfolios in light of the market fundamentals remaining strong, the high profits of listed companies for the fiscal year 2022 and the growth of dividends.
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