Markaz: Kuwait’s non-oil sector is expected to grow by 4.4% in 2023
Kuwait Financial Centre “Markaz” recently released its Monthly Market Review report for the month of May 2023. Kuwait’s All Share Index declined in May, posting a monthly loss of 4.8%. Among Boursa Kuwait’s sectoral indices, Telecom and Banking sector lost 6.7% and 6.0% respectively for the month. Among Premier Market stocks, Mezzan Holding and Ali Alghanim Sons saw the biggest gains for the month, up by 12.4% and 7.7% respectively, on account of stronger earnings growth in Q1 2023. National Investments Co. fell the most for the month, down by 23.4%.
Markaz receives momentous accolades at MENA Banking Excellence Awards 2023
Kuwait Financial Centre 'Markaz' announced receiving two prestigious awards, namely “The MENA Investment Bank of the Year” and “The Excellence in Real Estate Investment Award”, at the MENA Banking Excellence Awards 2023. The event was organized in Dubai this May by MEED, a prominent business intelligence and information platform focused on the Middle East region. The Awards serves as a platform to acknowledge and celebrate the remarkable achievements and contributions of leading financial institutions and professionals across the Middle East and North Africa region.
Markaz concludes webinar on how GCC equities are evolving as an important opportunity within Emerging Markets
Kuwait Financial Centre “Markaz” concluded its recent webinar titled ‘GCC Markets: An Attractive EM Allocation Play,’ presented by Mr. M. R. Raghu – CEO, Marmore MENA Intelligence, the research arm of Markaz. The webinar brought out key attributes that differentiate GCC from other Emerging Markets (EMs) and highlighted how they stand out as an attractive investment opportunity.