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Kuwait Stock Exchange suffers KD 1.68 billion loss in two sessions
Gulf stock markets faced significant losses for the second straight day, driven by geopolitical tensions and a sharp decline in global markets.
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The general index of the Kuwait Stock Exchange fell by 143 points, equivalent to 2.03 percent, driven by a decline of 152 points, or 1.97 percent, in the first market.
Gulf stock markets experienced significant losses for the second consecutive trading day. This downturn was driven by geopolitical developments and a sharp decline in some global markets, according to Al Rai newspaper.
Locally, the losses incurred by the Kuwait Stock Exchange over the past two sessions increased to KD 1.68 billion, including KD 843 million in today’s session.
The general index of the Kuwait Stock Exchange fell by 143 points, equivalent to 2.03 percent, driven by a decline of 152 points, or 1.97 percent, in the first market. Meanwhile, the main public market fell by 186 points, equivalent to 2.3 percent.
