June 20th, 2018 | 0 commentsThe board members of Danah Al Safat Foodstuff have passed their recommendation of reducing the capital to offset the accumulated losses to the Capital Markets Authority (CMA). Danah Al Safat’s board proposed shrinking the capital to trim its KWD 4.69 million accumulated losses, according to a bourse statement on Tuesday. Offsetting the lo...
June 20th, 2018 | 0 commentsArzan Capital Holding Limited, a 100%-owned subsidiary of Arzan Financial Group for Financing and Investment, plans to increase its capital by $6.8 million (KWD 2.07 million). This capital hike will result in shrinking Arzan Capital’s ownership in Arzan Group to become 87.8% instead of 100%, according to a bourse statement on Tuesday. It...
June 20th, 2018 | 0 commentsThe price of Kuwait’s crude oil declined by 4.23% or $3.09 to settle at $69.95 per barrel (pb) on Monday compared to $73.04 pb on Thursday, according to the latest data by the Kuwait Petroleum Corporation (KPC). At the global level, the price of Nymex crude oil, July futures, increased by 1.2% to $65.85 pb. Brent crude oil added 2.4% to $...
June 20th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Tuesday’s session with a massive decrease, as the Premier, All-Share and Main markets retreated 0.36%, 0.33%, and 0.28%, respectively. Al Massaleh Real Estate was the top loser with 13.52%, while National Industries topped the winners with 5.17%. Boursa Kuwait’s turnover shrank to KWD 10.25 million on T...
June 20th, 2018 | 0 comments The indices of Boursa Kuwait started Tuesday’s trading session with a massive incline in the first session after Eid Al Fitr holiday. By 9:50 am Kuwait time, the Premier, All-Share, and Main markets added 0.20%, 0.15%, and 0.06%, respectively. Senergy was the top winner with 20.52%, while Privatization Holding led the losers with 9.25%....
June 14th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Wednesday’s trading session with a grouped incline, as the Premier, Main, and All-Share markets added 0.61%, 0.31%, and 0.5%, respectively. Warba Insurance led the winners with 9.57%, while Tahssilat led the losers with 9.78%. Boursa Kuwait’s turnover increased to KWD 15.9 million on Wednesday compared...
June 13th, 2018 | 0 commentsKuwait has clear plans regarding its capital investments in the oil and gas sector, the chairman of Integrated Holding Co, chairman Jassim Mustafa Boodai, said in an interview with CNBC Arabia. Boodai told CNBC Arabia that Integrated Holding will be taking part in Duqm Refinery project in Oman from the beginning. It is noteworthy that the...
June 13th, 2018 | 0 commentsAl Aman Investment announced that it has acquired a controlling stake in Al Mathaaq Holding Company for a total value of KWD 1.672 million ($5.54 million). The financial impact of this transaction cannot be determined in the current time, according to a bourse statement on Tuesday. Al Aman clarified that the financial impact of this deal...
June 13th, 2018 | 0 commentsThe indices of Boursa Kuwait started Tuesday’s trading session with a massive increase, as the All-Share, Main, and Premier markets added 0.15%, 0.03%, and 0.22%, respectively. By 11 am Kuwait time, the banking segment topped five gainers with 0.26%, while the basic materials sector led three decliners with 0.6%. Ekttitab was the top winn...
June 13th, 2018 | 0 commentsThe indices of Boursa Kuwait closed Tuesday’s trading session with a massive increase, as the Premier, Main, and All-Share indices went up 0.56%, 0.38%, and 0.49%, respectively. United Real Estate was the top winner with a rise of 11.90%, while Warba Insurance led the losers with 9.03%. Boursa Kuwait’s turnover increased to KWD 11.07 mill...
