The rate of the US dollar vis a vis the Kuwaiti dinar rose to (KD) 0.282 while the euro price dropped to (KD) 0.381 on Wednesday, compared to Tuesday's rates, the Central Bank of Kuwait (CBK) said.
The pound sterling stabilized at KD 0.478, the Swiss franc also remained unchanged, trading at 0.313 and the Japanese yen followed suit, standing at KD 0.003.
On the external front, investors' eyes focus on results of a planned US Federal Reserve key meeting, expected to end up with further stimulus tapering, due to continuing US economy's recovery The FED has halved volume of quantitative easing since start of 2014. The US central bank enacts quantitative easing by creating money and then buying bonds or other financial assets from banks, with aim of enabling the banks to have more cash to loan.
Meanwhile in Britain, attention is shifted to expected details, to be announced by the Bank of England (BoE) regarding its decision to keep the benchmark interest rate unchanged, at 0.50 percent, along with the program of stock assets purchases, at آ£375 billion.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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