Mubasher: The indices of Boursa Kuwait ended Sunday on a mixed note, as the price index lost 0.03% or 2.16 points to 6,911.7 points, while the weighted and Kuwait-15 indices rose 0.83% and 1.17%, respectively.

The price index will face resistance at three levels, which are 6,920, 6,940, and 6,980, before reaching 7,000-points level, technical analyst Talal Al Yusuf said.

After reaching the 7,000-point mark, the index should rise once more to its peak at 7,091, he told Mubasher.

The telecommunications sector was the top gainer on Sunday, growing 1.07% on the back of Zain’s stock, which adds 2.65%, while VIVA’s stock rose 2.7%.

On the other hand, the consumer goods sector was the top loser, declining 4.14%, pressured by three stocks led by Eyas, which shed 18.6%. The sector shrugged off the strong gains achieved by Jiyad, which surged 13.5% and was the market’s top riser.

Trading value shrunk 34.3% to KWD 28.11 million on Sunday from KWD 42.79 million on Thursday, while trading volume dropped 10.6% to 151.53 million from 169.58 million stocks.

Zain’s stock was the most actively-traded in terms of value with KWD 5.21 million, while the National Real Estate Company’s stock, up 7.25%, was the most actively-traded in terms of volume with 15.13 million stocks.

Despite the decline in turnover today, the banking sector’s turnover, particularly for blue chips, continues to grow every day, which is a positive indicator for the bourse, Al Yusuf told Mubasher.

Meanwhile, analyst Nawwaf Al Shayea told Mubasher that it is “strange” what happens with small companies in which largest firms are investors. He explained that although large companies invest in smaller ones, when the latters’ shares rise, the investors’ do not see similar positive performance, but rather the opposite.