By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait ended Wednesday’s trading session on a massive increase, after the All-Share Market index added 0.21%, while the Main Market index and the Premier Market index increased by 0.04% and 0.29%, respectively.
The bourse saw a positive trend on Tuesday and Wednesday's trades after technically rebounding, technical analyst Ibrahim Al Filkawy told Mubasher.
As Boursa Kuwait's trading value reached near KWD 20 million, this is considered positive after the three indices rose, capital market analyst Badar Al Badr said.
The basic materials sector gained 2.55%, whereas the insurance sector fell 2.6%.
Kuwait and Middle East Financial Investment’s (KMEFIC) stock led gainers with 12.5%, whereas the stock of First Takaful Insurance was the worst performer with 8.9%.
Boursa Kuwait’s traded volume surged 69.4% to 97 million shares on Wednesday, compared to 57.25 million on Tuesday, while trading value jumped 31.7%, to KWD 19.88 million, from KWD 15.09 million.
Kuwait Finance House’s (KFH) stock, up 0.17%, topped in terms of liquidity after generating a turnover of KWD 3 million, while Aayan Leasing and Investment’s stock, up 0.8%, led in terms of traded volume after 13.36 million shares were exchanged.
Translated by: Mohammad Hesham Azab