Boursa Kuwait ends Thursday's session with collective gains

Arab Finance: Boursa Kuwait's indices rose on Thursday, with the Premier Market Index ending the trading session higher by 53.63 points, or 0.64%, to close at 8,419.61 points.
The Main Market Index also ended the session in the green zone after surging by 74.70 points, or 1.05%, to 7,220 points.
Likewise, the All-Share Index rose by 55.64 points, or 0.71%, closing the session at 7,868.98 points.
© 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Web Release

18 hours ago

• Web Release

NBA SUPERSTAR AND INTERNATIONAL BUSINESSMAN KEVIN DURANT PARTNERS WITH QATAR SPORTS INVESTMENTS, INVESTING DIRECTLY IN PARIS SAINT-GERMAIN

Qatar Sports Investments, the majority-owner of European Champions Paris Saint-Germain, has signed an investment and strategic partnership agreement with Kevin Durant, one of the most decorated US basketball players of all time and a leading investor in sports and entertainment properties. The deal will see Durant – via his media and investment arm Boardroom, with entrepreneur and long-time business partner Rich Kleiman – acquire a direct minority stake in the Club. In August 2024, Durant – the two-time NBA Champion, four-time Olympic gold medalist, MVP, and fifteen-time NBA All-Star – partnered with Paris Saint-Germain through Arctos Partners, a minority shareholder in the Club. Earlier this week, Qatar Sports Investments and Boardroom Sports Holdings – Durant's personal investment vehicle which holds stakes in a range of leading sports teams and leagues – signed a share purchase and strategic partnership agreement whereby Durant has become a direct minority shareholder in Paris Saint-Germain. As part of the relationship, Boardroom and Qatar Sports Investments will partner on a wide-series of commercial, investment, and content initiatives; and Durant will support the Club on its continued sports and business diversification and growth – including co-developing merchandise and original media content; advising on the Club's US and other international markets strategy; supporting PSG for Communities (the Club's charitable foundation and fundraising arm); and consulting on Paris Saint-Germain's multi-sport strategy including potential plans in basketball. Nasser Al-Khelaïfi, Chairman of Qatar Sports Investments said, 'QSI is pleased to welcome Kevin Durant as a direct shareholder in Paris Saint-Germain and strategic partner of our Group. We continually seek to elevate the Club and our broader portfolio through high-impact partnerships that bring strategic value, innovation, and global perspective. Together with Kevin, we look forward to developing ambitious initiatives that will drive the continued global growth of Paris Saint-Germain and QSI.' Kevin Durant said, 'It is an honour to partner with QSI and be a shareholder in Paris Saint-Germain – a Club and a city that is so close to my heart. This club has big plans ahead, and I can't wait to be a part of the next phase of growth; and to explore new investment opportunities with QSI.'

Zawya

3 days ago

• Zawya

Gold prices in Egypt record collective drop on Wednesday

Arab Finance: The gold prices in Egypt dropped on Wednesday after the 24-karat retreated to EGP 5,485.75 per gram for purchasing and EGP 5,508.5 for selling, according to iSagha's data. Likewise, the 22-karat gold price hit EGP 5,028.5 for buying and EGP 5,049.5 per gram for selling. The 21-karat gold also declined to EGP 4,800 per gram for purchasing and EGP 4,820 for selling. The 18-karat gold price dropped to EGP 4,114.25 per gram for buying and EGP 4,131.5 for selling. Meanwhile, the gold pound's price recorded EGP 38,400 for purchasing and EGP 38,560 for selling. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (

Zawya

3 days ago

• Zawya

Egypt: EGX ends Wednesday's trading session up

Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session with collective gains, with the EGX30 index going up by 0.37% to 30,838.98 points. The Sharia-compliant index, EGX33 Shariah index, rose by 0.63% to 3,214.17 points. Both the EGX70 index and the EGX100 index closed the session higher by 0.54% at 9,040.23 points and by 0.56% at 12,302.61 points, respectively. EGX's turnover stood at EGP 3.033 billion through the trading of 1.155 billion shares in 105,349 transactions, while the market cap hit EGP 2.183 trillion. Retail investors controlled 70.65% of the total trading, while the institutions equaled the remaining 29.34%. Arab and foreign traders accounted for 4.82% and 4.67% of the trading transactions, respectively. The Egyptian investors took over 90.52%. The Egyptian investors were sellers with EGP 199.243 million. Foreign and Arab traders were buyers with EGP 143.335 million and EGP 55.908 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (