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Stocks in red acquire 86% of Boursa Kuwait liquidity

Stocks in red acquire 86% of Boursa Kuwait liquidity
Ten shares registered a trading volume of 48.4 million shares

By: Mohamad Farouk

Mubasher: Ten stocks trading on Boursa Kuwait have acquired 85.5% of Boursa Kuwait’s liquidity on Monday; these shares fell in line with the decline seen in the market’s indices.

By 11:15am Kuwait time, the liquidity of Kuwait Finance House (KFH), Zain, the National Bank of Kuwait (NBK), Agility, Gulf Bank of Kuwait (GBK), Al Ahli United Bank (AUB), Al Imtiaz, Humansoft, National Industries, and Mabanee totalled KWD 20 million, while the overall trading value stood at KWD 23.4 million.

These ten shares registered a trading volume of 48.4 million shares, representing 58.4% of the total 82.92 million traded shares.

The largest decline was by KFH which lost 2.65%, followed by Humansoft which retreated 2.5%.

The majority of the market’s liquidity was focused on stocks listed under the Kuwait-15 index, capital market analyst and head of the training department at FXTM company Nawaf Al Oun told Mubasher.

He noted that any decline in the current time will include the small caps.