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Kuwaiti market sees indexes falling collectively

Kuwaiti market sees indexes falling collectively
Photo Credit: Arabianeye-Reuters

Kuwait-Mubasher: The Kuwait Stock Exchange’s indices sagged on Wednesday, nudging the market down to the negative zone, as the price index fell 0.59% or 34.5 points to 5,763.31 points.

The weighted index fell 0.64% or 2.5 points to close at 383.07 points. Additionally, the Kuwait-15 index dropped 0.81% or 7.5 points to settle at 915.67 points.

Today’s turnover declined 33.9% to KWD 8.23 million, as the trading volume decreased 28.1% to 95.52 million shares which were exchanged through 3,054 deals.

The technology sector led the gainers as it closed 0.87% higher, while the telecom sector headed the decliners after losing 1.85%.

Human Soft led the risers with a rise of 6% at KWD 1.06, while Sultan Center Food was the top loser by 7.25% at 64 fils.

Investors Holding Group was the most active stock, as 11.85 million shares were traded.

Zain hit the highest turnover at KWD 786,500.