Boursa Kuwait closes Thursday in green with higher liquidity

Boursa Kuwait closes Thursday in green with higher liquidity
IFA Hotels was the top winner with a rise of 27.5%

By: Mohamad Farouk

Mubasher: The indices of Boursa Kuwait closed Thursday’s session higher for the first time in December, backed by the highest liquidity in three months.

The All-Share Market went up 0.64% or 33.2 points to 5,186.9 points, while both the Main and Premier markets added 0.23% and 0.84%, respectively.

The performance of Boursa Kuwait has been positive since the beginning of December in line with the good sentiments of investors for the promoting in FTSE index by the end of this month, capital market Saad Al Rumi told Mubasher.

Promoting Boursa Kuwait in FTSE or S&P will reflect positively on economy, and accordingly, on its capital market, Al Rumi added.

The insurance segment topped eight gainers with 3.15%, while the healthcare sector led three decliners with 0.42%.

IFA Hotels was the top winner with a rise of 27.5%, while Yiaco Medical led the losers with a decline of 9.09%.

Boursa Kuwait’s turnover increased by 13.2% to KWD 30.32 million shares on Thursday from KWD 26.78 million in the previous session after the trading volume declined by 7.5% to 118.97 million shares from 128.67 million.

Kuwait Finance House (KFH) was the most active stock on which 9.72 million shares were exchanged at a value of KWD 6 million, the stock added 1.5%.