Boursa Kuwait indices rise on Sunday for 4th session in row

Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session with a grouped increase for the fourth consecutive session in line with improvement in liquidity as well as the positive performance that followed KGL’s news of signing a contract with the US army.

The benchmark price index edged up 0.71% or 46.3 points to close the points at 6,606.94 points.

Both the weighted and Kuwait-15 index added 0.65% and 0.7%, respectively.

Oil and gas companies topped eight gainers with 2.8%, backed by IPG which rose by 11.94%.

Meanwhile, the banking sector led three decliners with 0.06%, dragged by AUB which lost 6.2%.

National Cleaning and IFA Hotels were the top winners with a rise of 20% each, while Kuwait Cable led losers with a fall of 20% to 18.4 fils.

Boursa Kuwait’s turnover increased by 39.3% to KWD 12.95 million on Sunday compared to KWD 9.3 million in the previous session after the trading volume grew by 33.3% to 122.5 million shares from 91.88 million.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 1.42 million.

KGL Logistics was the most active stock on which 17.14 million shares were exchanged.

Mubasher Contribution Time: 14-Jan-2018 11:11 (GMT)
Mubasher Last Update Time: 14-Jan-2018 11:11 (GMT)

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