• June 6, 2022

    GCC Markets turn Bearish after a Two-Year uptrend – stung by Global Economy and Inflation

    Kuwait’s All Share Index fell by 6.4% in the month of May as negativity in global markets caught up to the GCC region. The risk off sentiment among investors due to global economic growth concerns amid inflation and monetary policy tightening impacted Kuwait equities. Oil prices were up by 12.3% for the month in anticipation of a tight market with the peak oil-demand season in the U.S. approaching. Among sectors, Boursa Kuwait’s Telecom and Consumer Staples declined the most for...