By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session with a massive decline.
The All-Share Market index went down 0.14%, while both the Main market and Premier Market indices retreated by 0.21% and 0.09%, respectively.
Boursa Kuwait is still facing a weak performance in the Premier Market in line with lack of speculations in the Main Market, capital market analyst Ibrahim Al Filkawy told Mubasher.
The All-Share Market index is still facing resistance at 4,840 points and a support level at 4,780 points, the Main Market index has resistance at 4,885 points and is being supported at 4,835 points, Al Filkawy noted,
He added that the Premier Market index has support at 4,780 points, while its resistance is at 4,840 points.
Insurance companies led six decliners with 2%, while the technology sector topped four gainers with 1.8%.
Al Aqariya was the top loser with 9.8%, while Energy House topped the winners with 10%.
Boursa Kuwait’s turnover increased by 37.2% to KWD 11.94 million on Thursday compared to KWD 8.7 million in the previous session after the trading volume grew by 36.7% to KWD 79.54 million shares from 58.17 million.
Agility posted the highest trading value of KWD 1.1 million, while Manazel was the most active stock on which 11.66 million shares were exchanged.
