Market

Municipality shuts down 46 shops for COVID-19 precaution breaches

Kuwait’s Municipality said on Monday it closed down 46 shops during the Eid Al-Adha holidays for breaching precautionary health guidelines issued by authorities. Some 1,142 warnings were handed out amid inspection visits to 1,197 shops, read a statement. These rounds aimed to fend off street vendors, unlicensed butchers, livestock outlets and those found in breach […]

Market

Kuwait bourse benchmark jumps 96.06 points

Kuwaitآ’s stock exchange closed Tuesdayآ’s session with the benchmark (All Share Market Index) rising by 96.06 points to reach 5018.37 points in an increase worth 1.95 percent. Volume of exchanged stocks under the benchmark hit 124.9 million shares through 7,588 spot transactions, valued at KD 27.17 million (USD 100.5 million). The Main Market Index had […]

Market

Kuwaiti finance minister to form panel for modifying terrorism funding law

Minister of Finance Barrak Al-Sheetan on Tuesday issued a ministerial resolution for forming a panel to examine amendment of the Law 106/2013 on money laundering AND terrorism financing as some of the tasks undertaken by the financial inspection division. Minister Al-Sheetan, in a statement to Kuwait News Agency (KUNA), said his decision was intended to […]

Market

Kuwait bourse posts significant gains

Boursa Kuwait wrapped up Monday’s session with the benchmark (All Share Market Index) rising by 60.22 points to the level of 4,922.31. Stock trades involved 63.74 million shares, in 5,864 spot deals, valued at KD 18.19 million (USD 67.30 million). Main Market Index climbed by 2.5 points to the level of 4,074.54 points, through stock […]