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Boursa Kuwait’s indices close Thursday mixed

Boursa Kuwait’s indices close Thursday mixed
Boursa Kuwait’s turnover shrank by 31% to KWD 10.29 million

By: Mohamad Farouk

Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session with a mixed performance for the third time in a week.

The All-Share and Premier markets went down 0.08% and 0.15%, respectively, while the Main Market rose by 0.05%.

The coming week is expected to register a further decline, as the liquidity started this week approaching KWD 26 million then decreased gradually until it was closed to the KWD 10 million level, capital market analyst Ali Al Sulami told Mubasher.

The All-Share Market remains positive as long as it is above the main support level 5,000 points, the analyst added.

The oil and gas segment led five decliners with 1.7%, while the telecom sector topped four gainers with 0.34%.

Sanam led the losers with 18.8%, while Marakez headed the winners with 10.9%.

Boursa Kuwait’s turnover shrank by 31% to KWD 10.29 million on Thursday compared to the prior session after the trading volume decreased by 14.6% to 49.98 million shares from 58.52 million.

Burgan Bank posted the highest turnover of KWD 1.16 million, the stock went down 0.36%.

AUB Bahrain was the most active stock on which 5.56 million shares were exchanged, the stock added 0.5%.