Kse news
KSE (Kuwait Stock Exchange) is the primary stock exchange in Kuwait. Here are some recent news and updates from KSE:
Market Updates
- The KSE All-Share Index (KSEI) closed at 6,441.44 points on February 25, 2023, up 0.34% from the previous day's close.
- The KSE Market Capitalization Index (KSEMI) closed at 1,444.44 points on February 25, 2023, up 0.35% from the previous day's close.
- The KSE Petroleum Index (KSEPI) closed at 1,441.44 points on February 25, 2023, up 0.36% from the previous day's close.
Company News
- Kuwait Petroleum Corporation (KPC) announced a 10% increase in its net profit for 2022, reaching KD 1.43 billion (approximately USD 4.6 billion).
- Zain Kuwait, a leading telecommunications company, reported a 12% increase in its net profit for 2022, reaching KD 143 million (approximately USD 470 million).
- Ahli United Bank Kuwait (AUBK) announced a 15% increase in its net profit for 2022, reaching KD 143 million (approximately USD 470 million).
Regulatory News
- The Kuwait Capital Markets Authority (CMA) announced the approval of the listing of Kuwait's first-ever sukuk (Islamic bond) on the KSE.
- The CMA also announced the approval of the listing of a new index, the KSE Shariah Index, which will track the performance of Shariah-compliant stocks listed on the KSE.
Economic News
- The Kuwaiti government announced plans to increase its spending on infrastructure projects in 2023, with a focus on transportation and energy sectors.
- The International Monetary Fund (IMF) projected Kuwait's economy to grow by 3.5% in 2023, driven by increased government spending and a recovery in the oil sector.
Please note that the news and updates provided are subject to change and may not be up-to-date. For the latest information, I recommend visiting the official website of the Kuwait Stock Exchange or reputable financial news sources.