Kuwait index falls after EM upgrade win
The Kuwait all share index closed 0.47 per cent lower at 5,802.19
Dubai. The Kuwait index fell after the gauge was added to the emerging market index.
The Kuwait all share index closed 0.47 per cent lower at 5,802.19. On Tuesday, the MSCI announced that the Kuwait index will be added to the emerging market index in June 2020.
Saudi Tadawul index extended gains for another session on Wednesday on continued buying. The Abu Dhabi index was lower due to selling in banks.
The Tadawul index closed at 8,687.08, up 0.43 per cent. Saudi Basic Industries closed at 0.18 per cent higher at 113.40 Saudi riyals.
National Commercial Bank ended 0.18 per cent higher at 54.90 riyals. Jadwa REIT Saudi Fund was 1.21 per cent higher at 9.20 riyals.
The Dubai Financial Market general index closed 0.03 per cent lower at 2,622.64. Shuaa closed 3.34 per cent higher at Dh0.959. The Abu Dhabi Securities Exchange general index closed 0.67 per cent lower at 4,955.95.