Mubasher TV
Contact Us Advertising   العربية

Boursa Kuwait’s indices mixed in week amid lower liquidity

Boursa Kuwait’s indices mixed in week amid lower liquidity
The turnover declined by 6.6% or KWD 9.45 million

Mubasher: The All-Share Market index of Boursa Kuwait edged down 0.04% or 2.3 points to reach 5,197.38 points by the week ended on 14 February compared to 5,199.64 points a week ago.

The All-Share index is currently facing support at the level 5,215 points of which breaking will push the index to reach 5,175 points, a strong support and rebound level, capital market analyst Hassan Al Kandry told Mubasher.

He noted that the index has continued rising until it broke into the resistance level at 5,260 points.

The Premier index retreated 0.36% or 19.6 points to 5,419.95 points from 5,439.52 points last week.

Meanwhile, the Main Market index went up 0.71% or 33.7 points to 4,796.37 points from 4,762.71 points.

The turnover declined by 6.6% or KWD 9.45 million to KWD 134.15 million from KWD 143.6 million.

The trading volume shrank by 20.4% to 718.15 million shares this week from 902.2 million.

The number of transactions increased by 1.2% week-on-week to about 26,970 from nearly 26,670.