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Kuwait Stock Exchange indices declined at the close of trading session on Wednesday, amid the decline of 9 sectors



The Kuwait Stock Exchange indexes declined, at the end of the trading session on Wednesday, as the general market index fell by 0.26%, losing 14.72 points to close at 5701.29 points, and the first market index fell by 0.33%, losing 20.53 points to close at 6219.58 points, and the main market index fell by 0.06 % Losing 2.73 points to close at 4681.69 points, and the main index of 50 fell by 0.01%, losing 0.21 points to close at 4848.90 points.


Trading volume at the close of transactions amounted to about 424.4 million shares worth 60.1 million Kuwaiti dinars through the execution of 12.5 thousand transactions. 9 sectors fell on the Kuwait Stock Exchange, led by the technology sector by 3.30%, followed by the insurance sector by 1.93%, followed by the consumer goods sector by 0.83%, then the sector. Communications sector by 0.74%, then the banking sector by 0.43%, then the utilities sector by 0.37%, then the health care sector by 0.29%, then the consumer services and financial services sectors by 0.09% and 0.02%, respectively, while the basic resources sector increased by 1.48%. Then the oil and gas and industry sectors by 0.43%, then the real estate sector by 0.41%.

 

In a related context, the Kuwait Stock Exchange announced that Tuesday, February 16, is the deadline for payment of the annual subscription fee at the Kuwait Stock Exchange for the year 2021, and in the event of delay in paying the annual subscription fee on the specified date, the procedures stipulated in the Exchange's rulebook will be applied, as well as Resolution No. (19) of 2019.

 

In the same context, the Kuwait Stock Exchange announced the suspension of trading on the shares of some companies according to the following: -

 

First: Companies that did not submit data for 3-31-2020, 6-30-2020 and 9-30-2020:

Tamkeen Holding Company.

Danah Al-Safat Food Company.

 

Second: Companies that did not submit data 7-31-2019, 31-10-2019, 1-31-2020, 4-30-2020 and 7-31-2020:

Effect Real Estate Company.

 

Third: Companies that did not provide data 9-30-2020:

Al-Mal Investment Company.

Reem Real Estate Company.

 

Fourth: Companies whose losses exceeded 75% of the capital:

Danah Al-Safat Food Company.

 

Fifth: Companies suspended due to liquidation:

Effect Real Estate Company.

Danah Al-Safat Food Company.

 

Sixth: Companies that have not paid the annual subscription fee for the year 2019 and 2020:

Tamkeen Holding Company.

Ras Al Khaimah Company for the manufacture of cement and construction materials.

 

Seventh: Companies that have not paid the annual subscription fee for the year 2020:

Effect Real Estate Company.

 

Eighth: Companies suspended by a decision from the Capital Markets Authority:

Arabi Holding Group Company.

Ajwan Gulf Real Estate Company.

Abyaar Real Estate Development Company.

Sukuk Holding Company.

Al-Mal Investment Company.

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