Kuwait bourse ends at new record high

KUWAIT - Kuwaiti stocks opened the trading week on an upbeat note yesterday, as the main index closed at a new record high above the psychological 5,000-point barrier which it broke for the first time ever earlier this month.



By (REUTERS)

Published: Sun 11 Jan 2004, 10:05 PM

Last updated: Thu 2 Apr 2015, 12:05 AM

The main index of the Arab World's No. 2 bourse gained 60.50 points, or 1.21 per cent, to 5,058.70.

The gauge - which ended 2003 with a dizzying 101 per cent gain - broke above 5,000 for the first time since its introduction in 1995 on Jan.6, 2004 when it ended at 5,002.80.

Mohammad Al Alloush, vice chairman of Gulf Investment House brokerage told an industry function the stellar gains in 2003 hiked the market's total capitalisation to 18 billion dinars by the end of the year.


More news from Business
In-store shopping regains trust

Business

In-store shopping regains trust

What is happening now is that as Covid-19 cases continue to decline, residents are regaining confidence in in-store shopping. This is according to a Kearney study in which UAE respondents cite convenience (51 per cent), enhanced shopping experience (49 per cent) and competitive pricing (44 per cent) as the main motivators driving them back to brick and mortar stores

Business5 days ago