The volume of trading at the close of transactions amounted to 380.8 million shares, worth 72.7 million Kuwaiti dinars, through the implementation of 16.2 thousand transactions, and 9 sectors rose in the Kuwait Stock Exchange, led by the technology sector by 2.86%, followed by the telecommunications sector by 1.01%, followed by the banking sector by 0.74%, then the industrial sector. By 0.65%, then the basic materials sector by 0.55%, then the utilities sector by 0.30%, then the financial services sector by 0.21%, then the oil and gas sector by 0.07%, then the consumer services sector by 0.02%, while the insurance sector declined by 0.18% .
Burgan Company for Well Drilling, Trade and Maintenance came on top of the green list listed on the stock exchange, up by 5.33%, followed by the Kuwait and Middle East Financial Investment Company by 4.59%, then Kuwait Cement Company by 4.44%, while Dar Al Thuraya Real Estate Company topped the red list with a decrease. By 9.57%, followed by the Kuwaiti Syrian Holding Company by 7.27%, then the share of Wethaq Takaful Insurance Company by 7.23%.
In a related context, the National Investment Company announced that it had obtained the initial approval from the Capital Markets Authority to license the market maker’s activity, in accordance with Capital Markets Authority Resolution No. 97 of 2020.
In another context, the Kuwait Stock Exchange announced the resumption of trading in the shares of KGL Logistics (Logistic) and the Kuwait and Gulf Transport Association (the Association).
In a separate statement, Energy House Holding Company announced a judicial move by some suppliers of one of its subsidiary companies in the United Arab Emirates regarding the payment of some of the credit balances resulting from the normal activity of the company, which it was unable to pay when due, given the operating conditions and the impact of the suspension resulting from The pandemic, and the total of those claims amounted to the equivalent of 693 thousand Kuwaiti dinars, noting that these claims are in the initial litigation stages, as the group is currently working to assess its judicial position regarding these claims, and any material developments, if any, will be disclosed.
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