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Boursa Kuwait closes Tuesday in green

Boursa Kuwait closes Tuesday in green
Boursa Kuwait’s liquidity increased by 14% to KWD 37.93 million on Tuesday

By: Mohamad Farouk

Mubasher: The indices of Boursa Kuwait closed Tuesday’s session with an increase in line with higher liquidity and trading volume.

The All-Share market went up 0.39% or 20.4 points to close the mid-week session at 5,293.1 points.

Similarly, both the Main and Premier markets added 0.35% and 0.4%, respectively.

The outlook of Boursa Kuwait remains positive despite a jolt of volatility hit the market, deputy head of the investment research unit at KAMCO Investment Raed Diab told Mubasher.

Stable oil prices and the projected promotion of the stock exchange in the MSCI index by the end of June have boosted the performance of Boursa Kuwait, Diab added. The financial services sector topped seven gainers with 2.21%, while the oil and gas segment led three decliners with 1.04%.

Tamdeen Investment headed the winners with 15.22%, while Gulf Cement led the losers with 8.82%.

Boursa Kuwait’s liquidity increased by 14% to KWD 37.93 million on Tuesday compared to KWD 33.3 million in the previous session after the trading volume decreased by 8.1% to 168.91 million shares from 183.79 million.

The National Bank of Kuwait (NBK), which added 1.01%, posted the highest liquidity of KWD 6.01 million.

Aayan leasing, which went up 4.02%, was the most active stock on which 19.42 million shares were traded.