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Boursa Kuwait falls affected by banking shares

Boursa Kuwait

Kuwait, (Business News Report)|| Boursa Kuwait witnessed a decline, influenced by the shares of the banks that led the decline, as the premier market index decreased by 1.3%, the main market 50 by 0.5%, the main market by 0.7%, and the general market index by 1.16%.

Bank shares on the Boursa Kuwait fell significantly, with the National Bank of Kuwait dropping 0.3%, Kuwait Finance House (KFH) 1.5%, Ahli United Bank 3.3% and Gulf Bank 1.3%.

The share of Kuwait Projects Company (KIPCO) also fell 4.5% after it announced with the Kuwait Qurain Petrochemical Industries Company that their boards of directors unanimously approved the report of the asset valuator and the opinion of the investment advisor regarding the fairness of the evaluation related to the merger process between them.

Qurain shares also fell 0.5%, and Agility Public Warehousing shares fell 1.85%, National Industries Group Holdings 2.3%, Gulf Cables Company 2.5% and National Investments 2.95%.

In a separate context, the National Bank of Kuwait won the Gold Award within the SMARTIES Awards, presented by the Mobile Marketing Association for the best services provided in the Middle East and North Africa region for the year 2021, for the Al-Watani Geo Alerts service through the Al-Watani mobile service program.

The National Bank of Kuwait is the first to receive this award among the banking sector in Kuwait.

NBK is also the only bank in Kuwait that offers premium notifications service.

The Mobile Marketing Association presents the SMARTIES Awards for the best modern, most innovative and effective marketing campaigns that were presented to customers in the Middle East and North Africa during the year 2021, which are subject to the evaluation of a jury that includes executives and entrepreneurs in many companies operating in various sectors who have extensive experience in related fields.

The New York-based association includes more than 800 leading global brands operating in diverse sectors and spread in more than 50 countries around the world.

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