Kuwait’s stock market closed higher on Sunday, with all four of its indexes gaining, as buying returned after a week of losses and the market moved against a sharp drop in Saudi Arabia.
Boursa Kuwait’s All-Share index rose 38.61 points, or 0.47%, to 8,329.42, Qatar News Agency reported. Trading reached 205.8 million shares in 15,360 deals, worth KWD57.4 million ($186.7 million).
The Premier Market index climbed 43.94 points, or 0.50%, to 8,767.54. The Main Market index added 23 points, or 0.28%, to 8,301.92.
The Main 50 index was the best performer, rising 101.56 points, or 1.12%, to 9,187.75.
Eleven sectors rose, according to Al Jarida and Mubasher. Technology led with a 6.39% jump, followed by basic materials at 2.34%.
Insurance was the only sector to fall, losing 2.85%, while utilities were unchanged. Banks and telecommunications each gained 0.39%.
Shares of 84 companies rose, 33 fell and 13 were unchanged, Mubasher said.
The gains followed a week in which the All-Share index lost 2.18% and the Main Market index fell about 3.6%, Al Jarida reported.
In Doha, the Qatar Stock Exchange index rose 4.38 points, or 0.05%, to 8,615.48, Qatar News Agency said. Shares of 24 companies rose, 29 fell and one was unchanged, with turnover of QR312.2 million.
Saudi Arabia’s benchmark index fell 2.65% on Sunday to its lowest close since March 2021, as fighting between the Saudi-led coalition and Yemen’s Houthis weighed on investors.
