By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait ended Monday’s trading session in the red zone, as the All-Share, Premier, and Main markets levelled down by 1.62%, 0.14%, and 2.15%, respectively.
Meanwhile, Boursa Kuwait’s turnover hiked by 28.7% to KWD 42.98 million from KWD 33.4 million on Sunday. The trading volume surged by 42.9% to 159.89 million shares from 111.9 million.
A group of six sectors declined, led by the oil and gas which shed by 5.35%, followed by the banking sector with 2.13%.
A group of three sectors rose, led by the consumer goods which levelled up by 0.76%.
Hilal Cement Company was the top faller with 10%, while Munshaat Real Estate Projects Co was the top riser with 9.9%.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 11.04 million, the stock went down 3.48%, while Ahli United Bank Bahrain (AUB – Bahrain) was the most active stock with 39.02 million shares exchanged, the stock went down 5.28%.
The indices of Boursa Kuwait failed to reach their nearest resistance levels, while breaking through the closest instant support levels. The indices have reached new demand zones meanwhile, capital market analyst Nawaf Al Awn told Mubasher.
The good last-minute instant rebound has slightly held back Boursa Kuwait’s losses, he concluded.
Translated by: Amal A. Wahaab
