The Kuwait Stock Exchange indexes declined, at the beginning of trading today, Wednesday, as the general market index fell by 0.53%, losing 30.48 points, to reach the level of 5722.31 points, and the first market index fell by 0.44%, losing 27.46 points.
To reach the level of 6255.55 points, the main market index fell by 0.77%, losing 36.15 points, to reach the level of 4672.69 points, and the main index of 50 fell by 0.93%, losing 45.13 to reach the level of 4825.28 points.
The volume of trading at the beginning of transactions reached about 206.8 million shares, worth 28.6 million Kuwaiti dinars, through the implementation of 6059 deals, and 11 sectors in the Kuwait Stock Exchange fell, led by the technology sector by 4.01%, followed by the consumer services sector by 2.02%, followed by the real estate sector by 1.06%, then the insurance sector. By 1.04%, then the basic resources sector by 0.83%.
Then the benefits sector by 0.74%, then the telecommunications and industry sectors by 0.58%, then the consumer goods sector by 0.56%, then the financial services sector by 0.54%, then the banking sector by 0.37%, then the insurance sector by 0.18%, while the oil and gas sector rose. By 0.16%.
In a related context, the Commercial Bank of Kuwait announced the resignation of Hanadi Ahmed Al-Musallam from the position of acting general manager of the retail banking services sector at the bank, noting that her last working day is 11 February.
In another context, Injazat Real Estate Development Company announced the approval of the Kuwaiti Capital Markets Authority to renew the right to buy or sell 10% of the company's shares, for a period of 6 months from the date of granting the approval on February 2.
taking into account that the purchase amount does not exceed the amount of available funding sources This is in accordance with the articles of Law No. 7 of 2010, its executive regulations, and their amendments.
In a separate context, the Kuwait Reinsurance Company announced, on Wednesday, February 17th, the Board of Directors meeting, to approve the financial statements for the fiscal year ending on December 31, 2020.