By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait started Wednesday’s trading session on a mixed note, as the All-Share and Premier markets inched up 0.05% and 0.14%, respectively, while the Main Market slipped 0.13%.

The mixed performance of the local stock market is just to discover the nature of trading on the first trading session of the year, technical analyst Badar Al Badr told Mubasher.

Al Badr projected Boursa Kuwait to close today’s trading session in green amid accelerated trading volume and heavy liquidity.

The All-Share index broke resistance at 5,080 points and is likely to test 5,090 points, he said, pointing out that the index may break 5,100 points tomorrow.

By 9:30 am Kuwait time, the oil and gas sector led top gainers with 1.06%, whereas the communications sector headed decliners with 0.4%.

Mena real Estate topped the winners with 6.5%, while Al Deera Holding led the losers with 9.7%.

Boursa Kuwait’s turnover amounted to KWD 2.72 million after the trading volume reached 30.5 million shares through 760 transactions.

Kuwait Finance House (KFH), up 0.49%, posted the highest liquidity of KWD 658,110 million.

Aayan Leasing and Investment, up 2.68%, was the most active stock on which 16.52 million shares were traded.

Translated by: Mai Ezz El-Din