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Boursa Kuwait indices close Monday mixed amid higher liquidity

Boursa Kuwait indices close Monday mixed amid higher liquidity
Ithmaar was the most active stock on which 10.4 million shares were traded

Mubasher: The indices of Boursa Kuwait closed Monday’s trading session with a mixed performance, while the benchmark index registered its third decline in a row.

The main price index retreated by 0.15% or 10 points to close at 6,711.04 points.

Meanwhile, the weighted index gained 0.14% or 0.6 points to 408.14 points, and the Kuwait-15 index added 0.25% or 2.4 points to 942.01 points.

The banking segment topped seven gainers with 0.5%, backed by Al Ahli Bank of Kuwait (ABK) which rose by 4.5%.

Meanwhile, the financial services sector led five gainers with 1.22%, dragged by Tamdeen Investment which grew 16.8%.

United Projects Company for Aviation Services (UPAC) was the top winner with a gain of 19.25%.

Burgan Drilling led losers with 20%, despite disclosing a growth in its profits to KWD 1.74 million.

Boursa Kuwait’s liquidity increased by 24.3% to KWD 12.49 million on Monday compared to KWD 10.05 million in the previous session after the trading volume decreased by 6.6% to 63.98 million shares from 68.48 million.

The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 3 million. The stock gained 0.39%.

Rising 1.23%, Ithmaar was the most active stock on which 10.4 million shares were traded.