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Boursa Kuwait edges decrease

KUWAIT: Boursa Kuwait stocks edged decrease on Monday, ultimate 69.19 issues decrease at 8232.71, down 0.83 %. A complete of 203.15 million stocks have been traded via 13,431 money transactions price KD 70.2 million (about $245.7 million). The principle marketplace index fell 61.50 issues to 44.6474, down 0.94 % from 109 million stocks in 5,717 money transactions price KD 18.4 million (about $64.4 million). The primary marketplace index fell 73.56 issues to 9,094.66 issues, down 0.80 % from 94 million stocks in 7,714 trades price KD 51.8 million (about $181.3 million).

The Major Index (Major 50) fell 87.03 issues to six,645.30, down 1.29 % from 91.4 million stocks in 3,761 money transactions price KD 13.3 million (about $46.5 million). In the meantime, inventory markets around the Gulf international locations have been blended on Monday as crude costs remained stable.

Dubai’s major percentage index remained flat, after leaping 1.7 % within the earlier week following Dubai Electrical energy and Water Authority’s (DEWA) marketplace debut. Positive factors in the true property sector have been offset by means of losses in financials. Abu Dhabi index slipped 0.3 % whilst Qatar’s benchmark index shed 0.2 %, extending losses on profit-taking. Saudi Arabia’s benchmark index was once additionally flat.

Oil costs have been strong on Monday as issues over slowing call for in China pressured traders to e book income on positive aspects made previous within the day on worries over tight provide and the escalating disaster in Ukraine.

Brent crude fell 19 cents, or 0.2 %, to $111.51 a barrel, sliding from the best since March 30 of $113.80 hit previous within the consultation. US West Texas Intermediate was once down 19 cents, or 0.2 %, at $106.76. Government in Ukraine’s Western and Southern areas of Lviv and Dnipropetrovsk reported more than one explosions on Monday. – Businesses

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