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Boursa Kuwait closes Thursday in green

Boursa Kuwait closes Thursday in green
Boursa Kuwait’s turnover grew by 8.3% to KWD 18.98 million on Thursday

By: Mohamad Farouk

Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session with a massive increase for the second session in a row.

The All-Share, Main, and Premier markets rose by 0.51%, 0.07%, and 0.73%, respectively.

The rises witnessed in the beginning of August are a positive indicator in line with the disclosures of the first half income statement, capital market analyst Moustafa Al Jarhy told Mubasher.

He added that the only negative factor in the stock market’s activity is the decline in trading movement and mainly liquidity when compared to the levels registered in July.

The basic materials segment topped eight gainers with 0.8%, while the consumer goods sector led three decliners with 0.52%.

National Shooting was the top winner with a rise of 7.3%, while KCPC was the top loser with 5.15%.

Boursa Kuwait’s turnover grew by 8.3% to KWD 18.98 million on Thursday from KWD 17.53 million in the previous session after the trading volume decreased by 9.8% to 86.21 million shares from 95.58 million.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 4.53 million, the stock went up 1.5%.

KIB was the most active stock on which 11.45 million shares were traded, the stock closed at 258 fils.