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Boursa Kuwait indices fall at Thursday open

Boursa Kuwait indices fall at Thursday open
The market saw trading of 13.2 million shares

By: Mohamed Farouk

Kuwait – Mubasher: Boursa Kuwait saw a negative performance in Thursday’s early trades, with its price index falling 0.11% or 7.6 points to 6,846.57 points by 9:30 am Kuwait time.

The weighted and Kuwait-15 indices levelled down 0.08% and 0.18%, respectively.

If the main index does not close below 6,828 points, it will become its support level followed by 6,804 points, market analyst Mohamed Al Anzi told Mubasher.

The price index will reach 6,900 points next week, if it moves above 6,825 points, Al Anzi said.

The market saw trading of 13.2 million shares through 576 transactions, with a turnover of KWD 2.8 million.

The oil and gas sector led losers with a 2.45% decline, while the consumer staples sector was the best performer after adding 0.43%.

National Petroleum Services (Napesco) was the worst performer after falling 5.02%, while National Industries topped gainers with a 8% rise.

Zain was the value leader after generating KWD 1.09 million, while National Investments Co was the most active stock with a trading volume of 2.46 million shares.

Translated by: Julian Nabil