Mubasher TV
Contact Us Advertising   العربية

Kuwaiti indices jittery amid improved activity

Kuwaiti indices jittery amid improved activity
GFH
GFH
-2.68% 1.09 -0.03
BURG
BURG
-0.96% 207.00 -2.00

ALDEERA
ALDEERA
13.91% 393.00 48.00
Indices on the Kuwait Stock Exchange (KSE) ended Wednesday at a varied performance as the Price Index gained 0.33%, adding 23.3 points and closing at 7201.91 points, thus passing the level of 7200 points, which it has stayed below for the past five sessions.
On the other hand, the Weighted Index shed 0.25% or 1.2 points and closed at 475.47 points. Similarly, the Kuwait 15 Index retreated by 0.4% or 4.7 points to 1150.67 points.
Commenting on the market’s performance today, analysts had told Mubasher that today’s performance has positively affected today’s trades, which indicates that the KSE is likely to enter a new phase in the coming period. However, this will not be clearly evident unless the market’s indices rise during Thursday’s trades and next week’s early trades.
Wednesday’s trades saw improvement compared to Tuesday as trade volume reached 233.87 million shares against 147.45 million yeserday, registering a rise by 58.6%. Turnover rose to KWD 27.12 million against 14.28 million on Tuesday, recording a growth by 90%.
Moreover, the market saw 4804 transactions today compared to 3516 transactions the day before.
Gulf Finance House (GFH) topped the most active stocks at the end of the session, after 47 million shares were traded through 468 transactions at a turnover of KWD 1.6 million. The stock gained 4.55%.
On the other hand, Burgan Bank topped the most active stock in turnover for the second successive session, reporting trade value of KWD 5.12 million as 9.74 million shares were traded through 112 transactions. The stock added 1.92%.
Al Deera Holding topped gainers, soaring by 16.1%, whereas Pearl of Kuwait Real Estate (Pearl) led decliners, plunging by 13.3%.
The financial services sector led the most active sectors today, adding 1.63%, whereas the telecoms sector led declining sectors, falling 1.38%.