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Boursa Kuwait closes Thursday higher; first rise in week

Boursa Kuwait closes Thursday higher; first rise in week
The financial services segment topped six gainers with 0.7%

Mubasher: The indices of Boursa Kuwait on Thursday registered the first grouped rise in a week; the benchmark price index went up 0.16% or 10.16 points to close at 6,239.37 points.

The weighted index edged up 0.28%, and the Kuwait-15 index added 0.31%.

The financial services segment topped six gainers with 0.7% in line with the 13.58% rise of Sharjah Cement which topped the winners.

The banks sector also gained 0.51%, backed by Ithmaar which went up 4.3%.

Meanwhile, the oil and gas segment led four decliners with 1.56%, dragged by IPG which lost 6.17%.

Listed telecom companies inched down 0.1%, dragged by Ooredoo which fell by 2.62%.

Boursa Kuwait’s turnover shrank by 14.1% to KWD 8.84 million on Thursday compared to KWD 10.29 million on Wednesday, after the trading volume increased by 16.6% to 53.49 million shares from 45.88 million.

Al Imtiaz was the most active stock on which 12.86 million shares were exchanged at a value of KWD 2.09 million, rising 3.77% to close at 165 fils.