Markaz says Kuwait equities outperform GCC peers on resilient bank earnings
Reuters2026/08/06 06:23Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Markaz flagged Kuwait equities outperforming GCC peers in July, with the All-Share Index up 0.6% as most regional markets fell.
- Bank stocks drove gains, rising 3.1%; NBK added 6.5% as H1 2026 net profit rose 3% y/y, KFH gained 2.3% with profit up 6.1%.
- Kuwait’s real GDP fell 4.6% y/y in Q1 2026, hit by a 12.5% drop in oil GDP tied to production and export disruptions.
- Final FY2025/26 fiscal accounts showed the deficit widening to KD 7.1 billion, up from KD 1.1 billion a year earlier.
- Brent jumped 23.6% to USD 90.1/bbl as renewed U.S.-Iran tensions lifted supply-risk premiums; Markaz expects GCC direction to track oil and earnings.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MARKAZ - Kuwait Financial Centre KPSC published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.
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