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Boursa Kuwait opens Sunday in green

Boursa Kuwait opens Sunday in green
The benchmark index is on a positive track

By: Mohamad Farouk

Mubasher: The price index of Boursa Kuwait started Sunday’s trading session 0.12% or 8.6 points higher to reach 6,894.43 points.

By 9:24 am Kuwait time, both the weighted and Kuwait-15 indices gained 0.26% and 0.03%, respectively.

The benchmark index is on a positive track, with a target of 6,900 points, capital market analyst Mohamad Al Anzi told Mubasher.

The analyst expected the main index to close at 6,895 points if it preserves its level above 6,850 points, being supported at 6,844 points and 6,802 points, respectively.

Boursa Kuwait’s trading value stood at KWD 1.8 million after 15.8 million shares were traded through 545 transactions.

The oil and gas segment topped gainers with 0.52%, backed by Burgan Drilling which rose 20% to be the top winner.

Meanwhile, the technology sector led decliners with 0.62%, dragged by Automated Systems which fell 2.42%.

KFH recorded the highest liquidity of nearly KWD 349,720.

Abyaar was the most active stock on which 2.8 million shares were traded, rising 1.54%.