Kuwait City, June 3: Kuwait Financial Centre “Markaz” released its Monthly Market Review report for May 2024. Kuwait’s equity index remained flat for the month with a positive bias, supported by the optimism over implementation of business reforms and the Sovereign credit rating affirmation by Moody’s. GCC markets were mostly negative, weighed down by weak oil prices and uncertainty over Fed rate cuts. The moderation of U.S inflation and strong earnings season boosted the U.S. equity…
