Boursa Kuwait indices down due to selling pressure by Silicon Valley bankruptcy

Silicon Valley Bank bankruptcy crisis affected the trade of Kuwaiti banks’ shares In Boursa Kuwait, as was the case with Gulf financial markets. All Share Market Index in Boursa Kuwait went down 157.7 (2.2 percent) on Tuesday to reach 7059.18 points. The Main Market Index dropped 104.4 points (1.9 percent) to reach 5364.58 points. Meanwhile, the Premier Market Index went down 180.3 points (2.2 percent) to reach 7878.06 points. Moreover, Kuwait Main Market Index 50 (BKM50) dropped 109.16 points (1.9 percent) to stand at 5481.75 points.

Source: Kuwait News Agency

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