By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait saw a mixed performance in Monday’s early trades after the All-Share Market index inched down 0.06%, and the Premier Market index shed 0.11%, whereas the Main Market index edged up 0.03%.

By 9:22 am Kuwait time, the industrial sector was the worst performer with 0.28%, while the consumer services sector was the best performer with 0.14%.

Kuwait Real Estate Holding’s (Al Aqaria) stock led losers with 4%, while Gulf Investment House’s (GIH) stock was the best performer with 4.6%.

The bourse’s trading volume reached 14 million exchanged through 425 transactions at a turnover of KWD 984,000.

Securities House’s stock, which added 2.32%, led Boursa Kuwait in terms of both trading volume and value after 3.56 million shares were exchanged with a liquidity of KWD 189,100.

Boursa Kuwait is expected to see a positive performance on Monday, especially after most of the companies announced positive financial results, capital market analyst Badar Al Badr told Mubasher.

Investors are awaiting the financial results of some firms such as Kuwait Projects Holding (KIPCO), Al Badr added.

From a technical perspective, the All-Share Market index has a support level at 5,100 points and has resistance at 5,110, 5,125, and 5,145 points, respectively, the analyst further noted.

Translated by: Mohammad Hesham Azab