The indices of the Kuwait Stock Exchange started its trading for this month with a big loss, and it continued with it the bleeding that it started 3 weeks ago, and after 3 days of rest during which the stock exchange avoided the negative impact of global markets, it returned and yesterday recorded a huge loss at the global market level by 1.8 percent, equivalent to 97.97 points to close at 5345.02 points, with liquidity declining from last month’s rates, which amounted to 37.5 million dinars yesterday. 170.6 million shares were traded through 9632 transactions, 22 shares won against 89 declines, and 12 were stable out of 123 shares traded yesterday.
The losses of the first market exceeded 2 percent, reaching 2.07 percent, or 124.44 points, to close at 5879.55 points, with a liquidity of 32.6 million dinars, as 80.1 million shares were traded through 5995 deals, and all the components of the first twenty market lost and no one won.
The main index 50 lost 1.3 percent, or 57.75 points, to close at 4,326.66 points, with liquidity declining to 4.1 million dinars. Only 74 million shares were traded through 2,846 deals, 5 shares won, 36 shares declined, and 3 remained unchanged.
Global financial markets declined during the past three sessions, during which the Kuwaiti market was celebrating the Prophet’s birthday, and the end of the week, starting last Wednesday evening, while there were working Gulf markets such as Saudi Arabia and Qatar, which incurred major losses during last Thursday’s trading, to bring the Kuwaiti market closer negatively.
During three sessions in which oil prices also lost heavy losses, and lost their first session yesterday, and lost 2 percent, in addition to what they lost during the three weeks of the last month, and everyone is eagerly awaiting this time the results of the American elections.
Because of its importance at the level of the global economy, which suffers from both problems. ; The Corona pandemic and the second wave began its effects deep in Europe in particular, and a global trade war between China and the United States could change for the better if Biden wins the American elections.
As a result, Kuwaiti stock prices continued to decline, especially in the first market in which foreigners trade, and the stock market lost a clear percentage, and shares have varying percentages, but most of them affect their prices, the largest of which was on the shares of industries and the World Bank, with rates exceeding 4 percent, while the rest settled on losses.
The performance in the main market was similar, with the exception of some selective stocks, most notably Taameer. STC Communications. The two stocks achieved good growth as they ended the session negatively on the level of its three indicators and their variables as well.
As a result, Kuwaiti stock prices continued to decline, especially in the first market in which foreigners trade, and the stock market lost a clear percentage, and shares have varying percentages, but most of them affect their prices, the largest of which was on the shares of industries and the World Bank, with rates exceeding 4 percent, while the rest settled on losses.
The performance in the main market was similar, with the exception of some selective stocks, most notably Tameer and STC Telecom. The two stocks achieved good growth as they ended the session negatively on the level of its three indicators and their variables as well.
The red color spread across the indices of the six Gulf Cooperation Council countries, and the largest losses were in the Kuwait and Dubai indices by 2 and 1.6 percent, while the Saudi and Qatari indices settled on a lower loss after last Thursday’s bleeding and oil. Prices fell last week by 10 percent. Hundred in anticipation of elections in the USA.
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