Boursa Kuwait closed the week on a positive note, with a significant increase in trading volume and market capitalization. GCC markets also performed well last week, except for the Qatar Stock Index, which saw a slight decline, while the Abu Dhabi Securities Exchange remained flat. On the other hand, US equity markets experienced volatility, pushing indices downward; however, the market remains resilient despite trade and policy uncertainty.
Intelligence
Warba Bank Gets Approval for 100% Capital Increase, Mixed GCC Market Performance, and Positive Week for U.S. Equities
Boursa Kuwait ended Thursday with gains, led by a 1.94% rise in the Premier Market index. Warba Bank secured approval for a 100% capital increase. Most GCC markets rose, with Qatar and Saudi leading. GCC IPO proceeds hit $13.2 billion in 2024, up 23%. Globally, US and European stocks posted gains, and the Bank of Japan raised rates to their highest since 2008.
Mixed GCC Markets: Boursa Kuwait Drops 0.2%, While US Stocks Post First Weekly Gain of the Year
Global markets were mixed this week. Kuwait’s indices rose with easing tensions, Saudi’s TASI gained 1.31%, and UAE markets showed varied results. U.S. stocks posted their first 2024 weekly gain, led by tech, while Europe’s FTSE 100 hit a record high. Gold edged higher despite a stronger dollar.
Warba Bank Signs Agreement to Acquire 32.75% Stake in Gulf Bank; GCC Markets End Week with Mixed Results Major; U.S. Indices Close Week in the Red
Boursa Kuwait Liquidity Surges 42.8% to KD 14.8 Billion in 2024 GCC Markets Show Mixed Performance for the Week Major U.S. Equities End Week in Negative Territory
Boursa Kuwait saw mixed results Thursday, with liquidity up 42.8% in 2024 to KD 14.8 billion. GCC markets varied, led by Saudi gains, while Dubai and Abu Dhabi declined. U.S. equities fell, European stocks rose, and gold retreated amid policy shift concerns under President-elect Trump.
Central Bank of Kuwait Holds Rates at 4%; GCC Markets Mixed, Dubai Shines; Fed Cuts Rates by 0.25% with Slower 2025 Reductions Expected
Boursa Kuwait closed slightly lower, with GCC markets mostly negative except for Dubai, which rose 4.71%. Burgan Bank gained approval to acquire United Gulf Bank, while the Central Bank of Kuwait held rates at 4%. Globally, markets declined as the Fed cut rates by 0.25% but signaled fewer reductions in 2025.
Boursa Kuwait Gains Amid Rising Market Capitalization; GCC and US Markets Up on Positive Sentiment Despite Regional Tensions
Boursa Kuwait Declines After Three Weeks of Gains, GCC Markets Mixed, and Global Markets End Month on a High Note
Boursa Kuwait indices declined this week following more than three weeks of gains. GCC markets showed mixed performance during the week, while international markets experienced an uptrend, ending the month in positive territory.