Highlights
Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of April 2021.
Kuwait Financial Centre “Markaz” recently released its Monthly Markets Review report for the month of April 2021. Markaz report noted that Kuwait equity markets continued to rally following upbeat earnings reported by corporates for the quarter ending March 31, 2021. Kuwait All Share index extended its good run and gained 5.8% for the month. Market liquidity in April, as indicated by the average daily traded value, stood at USD 171million, an increase of 25% compared to the earlier month.
Among Kuwait sectors, Technology was the top gainer, rising 30.5% followed by industrials at 15.6%, while utilities declined by 4.9% for the month. Among blue chips, Agility Public Warehousing leapt 30.6% for the month. DSV Panalpina, Demark-based company has agreed to buy the logistics division of Agility Warehousing in an all share deal worth USD 4.1 billion, to
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