By: Mohamed Farouk

Kuwait – Mubasher: The price index of Boursa Kuwait closed Thursday 0.19% or 12.9 points lower to reach 6,781.02 points, whereas the weighted and Kuwait-15 indices went up 0.29% and 0.46%, respectively.

The price index will see support point at 6,740 points; however, it is likely that the index will break below that level and fall towards strong support at 6,714 points, technical analyst Nawaf Al-Awn told Mubasher.

The oil and gas sector lost 2% as Energy House Holding retreated 8.58%.

On the other hand, the banks sector inched up 0.05% after the Commercial Bank of Kuwait (CBK) rose 3.23%.

The banks sector may still rise on the back of the positive financial statements, Alawn said, noting that maintaining the level of 920 points will help the banks sector rise further.

Trading volume fell to 98.5 million shares on Thursday from 114.96 million shares on Wednesday, whereas liquidity increased to KWD 16.6 million from KWD 13.65 million.

Al Imtiaz Investment Group’s stock, despite losing 1.19%, led in terms of trading volume after 12.84 million shares were exchanged, generating KWD 2.18 million.

Kuwait Finance House’s (KFH) stock, up 2.78% to 517 fils, led in terms of traded value with a turnover of KWD 3.23 million after 6.34 million shares were exchanged.

Translated by: Mohamed Hesham Azab