Kuwait Stock Ends Week Amid FTSE Russell and Rate Decisions
Kuwait Stock Exchange concluded its week with a record-breaking liquidity of approximately 144.2 million Kuwaiti dinars (around $442.6 million), amid ongoing speculation and profit-taking on select shares. The market experienced gains in nine sectors, led by technology, which rose by 8.20%, while three sectors declined, most notably consumer goods, which fell by 0.26%. The market capitalization of listed companies also reached a new record high of 54.045 billion Kuwaiti dinars (about $165.3 billion), amid anticipation of the "FTSE Russell" index review and market classification updates. This follows the Central Bank of Kuwait’s decision to hold interest rates steady at 3.5%. The week ended with a decision to maintain the interest rate and support market performance despite the impact of geopolitical tensions, while the "Main 50" index continued its upward streak for the seventh consecutive week.
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