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Boursa Kuwait ends Monday on mixed note

Boursa Kuwait ends Monday on mixed note
The real estate sector topped the market’s five risers adding 0.85%.

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait closed Monday’s trading session on a mixed note, after the All-Share Market Index rose 0.24%, while the Main and Premier indices inched down 0.06% and 0.2%, respectively.

Boursa Kuwait’s trading value jumped 29.6% to KWD 14.82 million on Monday, compared to KWD 11.44 million in the prior session after the trading volume decreased by 12.2% to 108.25 million shares from 123.26 million.

The bourse witnessed a better performance compared to the previous session, supported by the increase of the real estate sector, financial analyst Ali Al Solmi told Mubasher.

He added that the first resistance level for the All-Share Market Index is at 5,115 points, and the index may increase over the coming sessions to hover over  5,130 points, then 5,150 points.

The real estate sector topped the market’s five risers adding 0.85%.

On the other hand, the basic materials and telecommunication sectors headed the bourse’s decliners falling 0.3%, each.

By the end of the session, Gulf Bank of Kuwait’s (GBK) stock, which plunged 0.78%, led Boursa Kuwait in terms of liquidity with KWD 2.12 million, while Aayn Leasing and Investment’s (Aayan) stock, which rose 2%, spearheaded the market in terms of trading volume with 20.4 million shares.

 

Translated by: Kholoud Mohamed Hussein