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FinancialNews


  • 04-12-19

    Kuwait one of top performers in gulf markets

    (MENAFN) The Kuwaiti market defeated the decline in the past 3 months, and there is hopefulness in Saudi Arabia between investors after announcing Aramco's IPO, as said in a report issued by the Kuwait Financial Centre (Markaz).


    Kuwait All Share index improved its gains, posting a rise of 3.7 percent in November and between Kuwait"s Blue Chip companies, National Bank of Kuwait and Kuwait Finance House were the top gainers with monthly gains of 7.4 percent and 6.6 percent respectively.


    Throughout the month, MSCI informed that it would grow the weight of National Bank of Kuwait in its indices and this assisted NBK"s shares register large gains in the course of the month.


    While the Financial Services sector was the top loser falling by 0.7 percent, Kuwait"s Banking Sector was the top performer in November, with the Banking index growing by 5.1 percent.

    MENAFN0412201900450000ID1099366605

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