By: Mohamad Farouk
Mubasher: Boursa Kuwait closed Monday’s trading session with a mixed performance for the third session in a row, as the Premier Market added 0.22%, while both the All-Share and Main markets retreated 0.04% and 0.58%, respectively.
The Premier Market is facing resistance at 5,340 points, capital market analyst Ibrahim Al Filkawy told Mubasher, adding that the Main Market has reached 4,763 points which is a rebound range to correct its downward performance.
The oil and gas segment led six decliners with 2.4%, while the technology sector topped six gainers with 7.6%.
KMEFIC headed the winners with 15.5%, while REAM dropped 34% to reach 120 fils, the lowest level in ten months.
Boursa Kuwait’s liquidity increased by 61.6% to KWD 18.53 million on Monday from KWD 11.47 points in the prior session after the trading volume grew by 43% to 90.86 million shares from 63.56 million.
The National Bank of Kuwait (NBK) posted the highest turnover of KWD 2.47 million, the stock went up 0.73%.
Unicap was the most active stock on which 7.52 million shares were traded, the stock closed at 60 fils.