A financial market expert, Maytham Al-Shass, said the National Bank of Kuwait’s share price broke through the dinar barrier during recent trading, levels it hadn’t reached for nearly two years.
Maytham Al-Mashal added in an interview with Al-Arabiya, that the “NBK” stock saw a decline from the dinar level, knowing it was above the level of one dinar and 40 fils, after reaching 1,300 dinars in 2019.
He said the banking sector is seeing significant growth, which has made it the focus of foreign investor before local, as the National Bank has the most relative weight in local and global indicators.
And the person continued: “During this month, the Kuwait Stock Exchange is seeing the quarterly review of the global FTSE Russell and Morgan Stanley indices,” expecting the Al-Watani stock and some other stocks to see significant trading.
The person said that the main market attracts the most liquidity in the month in course, noting that the index rose 2.2%, compared with the rise of the first market index of 1.4%.
And he indicated that the main market is the most traded, and since the beginning of the year it has increased by 34.25%, compared to 28.87% in the first market, adding that some stocks, which are among the main pillars of the first market market, they started to be active to obtain gains and rises in the market.
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