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KFH hits highest level in 29M

KFH hits highest level in 29M
The stock’s trading volume reached 7.31 million shares
KFH
KFH
-0.37% 800.00 -3.00

By: Mohamad Farouk

Mubasher: The stock of Kuwait Finance House (KFH) on Tuesday recorded its highest level in 29 months, rising by 1.23% or 7 fils to reach 574 fils by 10:38am Kuwait time.

KFH’s rise backed the banks segment to top the gainers after rising 0.72%.

The stock’s trading volume reached 7.31 million shares, accounting for 14% of the markets overall traded shares of 52.08 million.

KFH posted a liquidity of KWD 4.2 million which formed 31.3% of Boursa Kuwait’s total turnover of KWD 13.41 million.

KFH’s stock is trading freely after it exceeded the 556 fils-level, capital market analyst Jarrah Al-Hindy said.

He noted that KFH is targeting the level 650 fils, with two support levels at 526 fils and 517 fils, respectively.

KFH’s stock has succeeded in gaining 20 fils in the last three session; this is an indicator of a good upward performance.