• May 11, 2022

    GCC markets trend upward on positive economic outlook and corporate earnings

    Kuwait’s All Share Index gained 2.6% in the month of April supported by improved economic outlook and positive earnings reports. Oil prices were up by 1.3% for the month. Among sectors, Boursa Kuwait’s Telecom sector was the top gainer, rising 11.9% followed by Industrials which increased by 10.2%. Insurance sector declined the most for the month at 4.9%, followed by Energy, which declined by 3.8%. Among Premier Market stocks, Gulf Cable and Electrical Industries Company and Jazeera Airways were the...

  • January 19, 2022

    Kuwait’s All Share index gained 27% in 2021 supported by recovery in oil prices

    Kuwait markets ended the year positively, with the recovery in oil prices supporting gains. Kuwait All Share index gained 27.0% in 2021, following a rise of 3.7% in December. Market Performance & Key Metrics Source: Refinitiv Among sectors, Boursa Kuwait’s Consumer Discretionary sector was the top gainer, rising 9.9% for the month, followed by Financial Services at 5.5%. Technology sector index declined the most, falling 7.8% for the month. Banking sector index was up by 4.2% in December. Kuwait’s performance...