Boursa records losses despite dividend news

Boursa records losses despite dividend news

KUWAIT CITY, Feb 4: During past week’s transactions, the financial markets in Gulf Cooperation Council countries resulted in losses for five indices and gains for two. The fluctuations ranged from substantial to moderate, reports Al-Jarida daily. The Kuwait Stock Exchange indices also recorded losses, with the general market index losing 1.43%, reducing its gains for …

<p>The post Boursa records losses despite dividend news first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, Feb 4: During past week’s transactions, the financial markets in Gulf Cooperation Council countries resulted in losses for five indices and gains for two. The fluctuations ranged from substantial to moderate, reports Al-Jarida daily. The Kuwait Stock Exchange indices also recorded losses, with the general market index losing 1.43%, reducing its gains for the year to 6.6%. Announcements of annual dividends by major including NBK, Boubyan, and KFH, had varying impacts on stock positions, with KFH and NBK experiencing losses. The gains of the Bahrain Financial Market reached 4.9% for the year, securing the second position after the Kuwaiti market. Additionally, the Dubai Financial Market Index saw a noteworthy growth of 1.57%, closing at 4,228.74 points, its highest level in almost two years. The gains for the year