By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session with a massive rise, in line with the anticipated disclosure of the listing on FTSE Emerging Markets index.
The All-Share, Main, and Premier markets added 0.57%, 0.16%, and 0.77%, respectively.
Boursa Kuwait’s turnover leaped by 564% to KWD 167.27 million on Thursday from KWD 25.19 million after the trading volume grew by 74.8% to 345.61 million shares from 197.7 million.
The technology segment topped nine gainers with 7.56%, while the consumer goods sector led three decliners with 1.9%.
Hayat Communications headed the winners with a surge of 92.5%, while Effect Real Estate was the top loser with 20%.
The National Bank of Kuwait (NBK) was the most active stock on which 64.38 million shares were exchanged at a value of KWD 53.62 million, the stock went up 0.12%.
Thursday's session witnessed a historic performance since trading started, capital market analyst Talal Al Youssef told Mubasher, adding that despite the selling orders in the auction market, Boursa Kuwait would have registered a better closing.
The leap witnessed in Hayat Communications’ stock in one session is considered one of the disadvantages of market segmentation, technical analyst Ibrahim Al Filkawy said.
