Kuwait (Archyde.com) – Kuwait Stock Exchange indices rose on Monday, supported by the share of Kuwait Finance House (KFH), which announced an increase in its quarterly profits by 101.7 percent in the fourth quarter of 2022, as the share achieved an increase of 2.75 percent.
The first market index closed up by 0.95 percent, the general market by 0.89 percent, the main market by 0.67 percent, and the main market 50 by 0.12 percent.
KFH’s share accounted for 33.6 million dinars from trading, representing nearly 49 percent of the total trading value of 70.2 million dinars.
KFH’s net profits amounted to 151.944 million dinars (497.35 million) in the fourth quarter of 2022, compared to 75.326 million dinars a year ago.
Shares of the National Bank of Kuwait also rose 0.9 percent, Zain (TADAWUL:) and Agility 0.2 percent, and the National Industries Group rose 0.5 percent.
While shares of buildings fell 2.1 percent, Kuwait Holding Projects (KIPCO) 1.7 percent, and Warba Bank 0.8 percent.
(Covering by Ahmed Hajjajy, The Arabic Bulletin – Editing by Duaa Mohamed)