GCC and global markets ended negative as geopolitical pressures rise

Kuwait: Kuwait Financial Centre “Markaz” released its Monthly Market Review report for the month of October 2023. During the month, Global and GCC equity indices witnessed a sharp fall due to the rise in geopolitical tensions in the Middle East and fears of further monetary tightening by the U.S Fed.

Kuwait markets were down for the month in line with global markets, due to the negative sentiment as investors feared rise in geopolitical tensions could disrupt the global economy. Kuwait’s All Share Index posted a monthly fall of 5.2%,…