By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait registered a mixed performance during the third week in a row.
The all-Share Market went up 0.16% or 8.1 points to reach 5,147.66 points on 20 September compared to 5,139.56 points on 13 September.
The All-Share Market is moving in a sideways range where the 5,087 points support level lies, technical analyst Hassan Al Kandry told Mubasher.
He added that in case of breaking this support level, the All-Share index will face further decline that may reach 5,000 points and 4,935 points, respectively.
The All-Share index is facing resistance ranging from 5,300 points to 5,320 points, and breaking this level will lead to an expected positive performance in the short term, Al Kandry said.
The Premier Market added 14 points, or 0.26%, to reach 5,362.75 points from 5,348.79 last week.
The Main Market edged down 0.05% or 2.61 points to 4,756.68 points compared to 4,759.29 points.
Boursa Kuwait’s liquidity surged by more than 270% to total KWD 255.94 million this week from KWD 69.09 million in the prior week.
The trading volume grew by 132% to 803.38 million shares from 346.33 million a week ago.
The number of transactions increased by 68% to approximately 30,3700 from nearly 18,080.
