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Boursa Kuwait closes Wednesday on mixed note

Boursa Kuwait closes Wednesday on mixed note
AUB Bahrain posted the highest liquidity of KWD 5.8 million

By: Mohamad Farouk

Mubasher: The Main index of Boursa Kuwait closed Wednesday 0.26% lower, while both the All-Share and Premier markets rose by 0.24% and 0.44%, respectively.

The real estate segment topped four gainers with 0.77%, while the basic materials sector led seven decliners with 9.12%.

Despite the mixed performance registered on Wednesday, the rise of both the All-Share and Premier markets was followed by improvement in liquidity, capital market analyst Badar Al Bader told Mubasher.

This positive trend is expected to remain until the end of the disclosure period for fiscal year 2018, in addition to the distribution of cash dividends and bonus shares, the analyst added. Boursa Kuwait’s turnover grew by 39.6% to KWD 29.24 million on Wednesday compared to KWD 20.94 million in line with an increase of 41% in the trading volume to 178.94 million shares from 126.99 million.

AUB Bahrain posted the highest liquidity of KWD 5.8 million, the stock retreated 0.4%.

Kuwait Real Estate was the most active stock on which 27.44 million shares were exchanged, the stock went up 3.54%.