By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session on a mixed note, after the All-Share Market Index and the Premier Market Index added 0.12% and 0.22%, respectively, while the Main Market Index decreased by 0.07%.
The bourse’s mixed performance should not affect investors, market analyst Moustafa Al Garhi told Mubasher.
Over the week, Boursa Kuwait’s performance was good, especially on Tuesday and Wednesday’s trading sessions as they ended in green territory, Al Garhi added.
Moreover, the market’s liquidity needs to be boosted in the coming period in a bid to gain investor confidence.
By the end of Thursday's session, the bourse’s liquidity decreased by 11.1% to KWD 17.68 million, from KWD 19.88 million on Wednesday, while trading volume plunged 26.5% to 71.27 million shares against 97 million shares in the prior session.
The insurance sector topped the bourse’s gainers adding 1.8%, while the oil segment headed the market’s 8 losers falling 0.9%.
National Bank of Kuwait’s (NBK) stock, which rose 0.62%, led the bourse in terms of liquidity with KWD 2.36 million, while Investors Holding Group’s stock spearheaded the market in terms of trading volume with 4.18 million shares.
Translated by: Kholoud Mohamed Hussein