By: Muhammad Farouk
Kuwait – Mubasher: Boursa Kuwait’s indices rose at Sunday’s opening as the benchmark price index inched up 0.07%, or 4.6 points, to 6,565.25 points, while the weighted and the Kuwait-15 indices rose 0.46% and 0.77%, respectively.
The price index sees support at 6,515-point and 6,500-point levels, while its ceiling stabilises between 6,535 points and 6,550 points, technical analyst Mohamed Al Anzi told Mubasher, noting that the index’s overall performance is positive.
By 9:41 am Kuwait time, the financial services sector topped the market’s gainers, increasing by 0.58% after Amwal International Investment surged 19.7%.
The banking sector went up 0.22% after National Bank of Kuwait (NBK), Kuwait Finance House (KFH), and Boubyan Bank levelled up 2.1%, 0.5%, and 0.22%, respectively.
On the other hand, the consumer services sector led the market’s losers, shedding 1.02%, as Cinescape and Muntazahat dropped 6.19% and 2.51%, respectively.
Kuwait and Gulf Link Transport topped the market’s gaining stocks, soaring 19.87%, while Shuaiba Industrial - Paper topped the declining shares, tumbling 12%.
Trading volume hit around 30 million shares, generating KWD 3.2 million through 1,140 transactions.
KFH was the most actively-traded stock in terms of liquidity, with a turnover of KWD 427,800.
Translated by: Muhammad Khalid