Kuwait is one of the top players in middle east markets
The Kuwaiti economy has experienced a decline in the last 3 months, and there is hope in Saudi Arabia among investors after unveiling Aramco’s IPO, as reported in a report issued by the Kuwait Financial Center (Markaz).
Kuwait’s All-Share Index increased its earnings, with an improvement of 3.7 percent in November, while Kuwait’s Blue Chip firms, the National Bank of Kuwait and Kuwait’s Finance House were the biggest winners with a monthly income of 7.4 percent and 6.6 percent respectively.
All through the month, MSCI announced that it would increase the weight of the National Bank of Kuwait in its indices and that NBK’s aided shares had registered major gains in the course of several weeks.
Whereas the financial sector was the biggest loser to fall by 0.7%, Kuwait’s banking sector was the best performer in Nov, with the banking index continuing to grow by 5.1%.