Market

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 […]

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 […]

The Central Bank of Kuwait (CBK) announced Monday issuing Kuwaiti Dinars (KD) 200 million (USD 660 million) worth of bonds and tawarruq. It said in a statement, received by KUNA, the three-month issue period has a return rate of 1.250 percent. CBK issued in July 20 KD 240 million (USD 792 million) in bonds and […]

  The Kuwaiti stock exchange, known as Boursa Kuwait, ended Sunday’s trading in the red zone with the Premier Market index going down by 16.28 to reach 5,263.17 points. The Main Market and All Share indices fell by 5 and 12.52 closing at 4,071.98 and 4,862.09 points respectively. According to the All Share Index, the […]

Kuwait’s quarterly gross domestic product (GDP) dropped one percent in Q1 2020 compared to the same period of 2019, amounting to KD 9.7 billion (USD 32 billion), according to Kuwait Central Statistical Bureau. The bureau said in a statement to KUNA on Sunday the quarterly domestic product with current rates dropped by 8.8 percent in […]

The price of Kuwaiti oil went down by USD 1.33 to USD 43.42 per barrel on Friday after it was at USD 44.75 pb the day before, said the Kuwait Petroleum Corporation (KPC) Saturday. At the global level, the price of the Brent crude went up by three cents to USD 43.34 per barrel, the […]