Lifting of Iran sanctions affects KSE negatively

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) dropped 3.2% or 167.5 points to close at 5,098.42 points on Sunday.

The weighted index fell by 4.32% or 15.36 points to reach 340.03 points; and Kuwait-15 index lost 4.87% or 40 points to close at 788.04 points.

The bourse has suffered losses after Iran sanctions were lifted International Atomic Energy Agency confirmed that Tehran had complied with the nuclear deal.

Today’s liquidity amounted to KWD 27.69 million as 124.17 million shares were traded.

The banks health care sectors led the decliners by 5.23% and 4.6% respectively; the insurance sector remained unchanged; while no gainers were witnessed.

Ithmaar was the most active stock on which 101.3 million shares were exchanged, with a value worth KWD 9 million. The stock settled at 90 fils.

Aqar Real Estate Investments was the top winner by 6.67%, while Safwan led the losers by 14.06%.

MUBASHER Contribution Time: 17-Jan-2016 10:19 (GMT)