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The Kuwait Stock Exchange general index fell on Wednesday's session, under pressure from 5 sectors



The Kuwait Stock Exchange indexes declined, at the end of the trading session on Wednesday, except for the main 50, as the general market index fell by 0.14% losing 7.68 points to close at 5649.16 points, and the first market index fell by 0.16%, losing 9.93 points to close at 6157.47 points, and the index fell The main market increased by 0.06%, losing 2.65 points to close at 4650.52 points, while the main 50 index rose 0.01%, winning 0.28 points, to close at 4820.75 points.

 

The volume of trading at the close of transactions amounted to about 252.6 million shares worth 77.6 million Kuwaiti dinars through the implementation of 12,204 transactions, and 5 sectors fell on the Kuwait Stock Exchange, led by the industry sector by 2.04%, followed by the insurance sector by 1.78%, followed by the consumer goods sector by 0.40%, then the banking sector. By 0.14%, then the basic materials sector by 0.04%, while the oil and gas sector rose by 0.98%, then the telecommunications sector by 0.90%, then the financial services sector by 0.54%, then the consumer services sector by 0.36%, then the health care sector by 0.26% %, Then the real estate sector at 0.13%.

 

In a related context, the Kuwait Stock Exchange announced the suspension of trading on the shares of the following companies, as of Tuesday, March 16, until the subscription fees are paid, and they are: Ajwan Gulf Real Estate Company (suspended), Al Mal Investment Company (suspended), Tamkeen Holding Company (suspended) Abyaar Real Estate Development Company (suspended), Mina Real Estate Company, International Real Estate Company, Equipment Holding Company, Salbookh Trading Company, Burgan Company for Well Drilling, Trade and Maintenance, Sharjah Cement and Industrial Development Company.

 

The Kuwait Stock Exchange also announced the resumption of trading in the shares of Ras Al Khaimah Company for the manufacture of white cement and construction materials (white cement), starting today, Wednesday, after paying the annual subscription fee.

 

In another context, Mobile Communications Company-Zain announced the consolidated financial statements for the year 2020, and the company achieved a net profit for the shareholders of the parent company, which amounted to 185.2 thousand Kuwaiti dinars in 2020 compared to 216.9 thousand Kuwaiti dinars in 2019, a decrease of 14.6%, and the earnings per share amounted to 43 Kuwaiti dinars Compared with 50 Kuwaiti dinars, the total assets amounted to 4.9 million Kuwaiti dinars in 2020 compared to 4.7 million Kuwaiti dinars in 2019, with a growth rate of 3.7%.

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