By: Mohamad Farouk

Mubasher: The stock of Gulf Investment House headed the losers on Sunday by 9:50am Kuwait time, after the Capital Markets Authority (CMA) resumed trading on the stock.

Gulf Investment dropped 4.5 fils to reach 18 fils, with a total trading value of KWD 91,000 after 4.9 million shares were traded through 117 transactions.

Selling orders totalled 2.08 million shares, while the stock did not register any purchasing orders.

The financial services segment declined 1.26%, dragged by the fall of Gulf Investment’s stock.

Gulf Investment is being supported at 16.7 fils, while the second support level lies at 15.5 fils, capital market analyst Badar Al Badr told Mubasher.

The stock faces resistance at 20.5 fils and 22.9 fils, respectively, the analyst added.