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.
Intelligence
The Weekly Brief
Boursa Gains, Lulu Shines, and S&P 500 Leaders Surge
Boursa Kuwait closed in the green for the fourth consecutive week, reflecting sustained positive momentum. Lulu Retail reported revenues of $5.7 billion for the first nine months of 2024. Meanwhile, large U.S. companies experienced stock gains following the presidential election, contributing to broader market optimism across global and regional markets.
InvestGB Report
Student Housing in the United States: From Cyclical to Sustainable Growth
A report issued by InvestGB, the investment arm of Gulf Bank, titled “Student Housing in the United States: From Cyclical to Sustainable Growth”.
The Weekly Brief
Boursa Kuwait All-Share Index gains 1.6% with positive corporate earnings for the first nine months
The Saudi Public Investment Fund sells 2% stake in STC to further diversify the economy. Trump trades retreat amid rising new administration policies uncertainties.
The Weekly Brief
Boursa Kuwait ends the week with Premier market index up 2.83%
Dubai Stock Exchange closes week at 10-year high. Dow, Nasdaq and S&P ended the week negative impacted by Tech Stocks.
The Weekly Brief
Boursa Kuwait ends the week with Premier Market index down 1.53%
GCC markets were mixed during the week. Dow and S&P ended the week negative; on the other hand, Nasdaq was positive .
The Weekly Brief
Warba Bank List USD500 million sustainable sukuk in London Stock Exchange
Saudi Arabia expands industrial ties with China and Singapore . Warren Buffett’s Berkshire Hathaway reached a $1 trillion market capitalization .
The Weekly Brief
Kuwait’s rating at AA- , according to Fitch Ratings
The Fed is widely expected to announce a modest quarter-point cut in September. Gold prices have reached multiple highs this year.