By: Mohamed Farouk

Mubasher: The Indices of Boursa Kuwait closed Thursday’s session on a varied note, with the All-Share and Main Market indices rising 0.05% and 0.46%, respectively, while the Premier Market index fell 0.15%.

Boursa Kuwait’s mixed performance at the end of the week extended the varied witnessed from the beginning of the second half of January as investors cautiously await the disclosure of the annual financial results of listed companies, technical analyst Ali El Salmy told Mubasher. 

The All-Share index extended its gains for the third successive session, El Salmy noted, affirming the positive outlook for the bourse in the coming month, which coincides with the continued disclosure of companies’ financial results.

The technical analyst added that the All-Share index was stable above the level of 5,200 points on Thursday, having broken it on Wednesday. He further noted that if the index succeeded in adding 20 more points by the beginning of next week, this resistance level would become a main support level.

The basic materials sector led gainers with 1.42%, while the technology sector headed decliners and retreated 3.57%.

Al Eid Food topped risers, adding 10%, whereas Tijara and Real Estate Investment led fallers with 6.5%.

Boursa Kuwait’s liquidity shrank 17.4% to KWD 23.12 million on Thursday, against KWD 28 million in the previous session, while trading volume plunged 21.6% to 166.8 million shares, from 212.87 million on Wednesday.

National Bank of Kuwait’s (NBK) stock, down 0.12%, registered the highest trading value of KWD 3.84 million, while Aayan Leasing and Investment’s stock, which advanced 4.08%, led the bourse in terms of trading volume with 29.76 million shares.

Translated by: Zeinab Adel