By: Mohamad Farouk

Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session with a mixed performance for the second session in a row, as the All-Share and Premier markets retreated by 0.42% and 0.65%, respectively, while the Main Market added 0.05%>

The majority of declines was registered in the Premier Market, namely by GFH and Zain, in addition to the fall of five leading banks such as NBK and KFH; this impacted the index to close with a downward performance, capital market analyst Murad Al Damghi told Mubasher.

The All-Share Market is still ranging between the support and resistance levels at 4,895 points and 5,025 points, respectively, the analyst added.

The telecom segment led eight decliners with 1.95%, dragged by the 2.45% decrease of Zain which registered its lowest level in four months.

Meanwhile, the oil and gas and industrial sectors were the only gainers with a rise of 1.2% and 0.15%, respectively.

Tahssilat led the losers with 1.2%, while KMEFIC was the top winner with 9.6%.

Boursa Kuwait’s turnover shrank by 5.3% to KWD 19.25 million on Tuesday compared to KWD 20.33 million in the prior session after the trading volume decreased by 7.4% to 66.07 million shares from 71.32 million.

Zain posted the highest liquidity of KWD 2.95 million.