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Boursa Kuwait’s indices close Monday mixed

Boursa Kuwait’s indices close Monday mixed
Investors were building their hopes on the market segmentation

By: Mohamad Farouk

Mubasher: The Premier Market index went up 0.06%, while both the Main Market and All-Share Market indices went down 0.33% and 0.08%, respectively.

The trading activity on Monday showed improvement, however, this performance is still beyond the target, capital market analyst Badar Al Bader told Mubasher.

He noted that disclosing the income statements of the fourth quarter may give a positive push to the market.

Investors were building their hopes on the market segmentation, which unexpectedly affected the market in a negative way, Al Bader added.

The technology segment led six decliners with 5.5%, followed by the telecom and consumer services sectors with 0.73% and 0.06%, respectively.

Meanwhile, the oil and gas sector topped five gainers with 0.34%, followed by the real estate and banking segments with a rise of 0.16% and 0.02%, respectively.

Mena Real Estate headed the losers with 18.6%, while Warba Insurance topped the winners with 25.2%.

Boursa Kuwait’s trading value increased by 38% to KWD 10.54 million on Monday compared to KWD 7.64 million in the previous session after the trading volume grew by 55.2% to 68.19 million shares from 43.93 million.

Kuwait Finance House (KFH) posted the highest turnover of KWD 1.61 million. The stock closed at 516 fils.

Aayan Leasing was the most active stock on which 15.73 million shares were exchanged. The stock added 5.6%.