By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session with a negative performance, after the All-Share, Premier and Main indices went down 0.4%, 0.37% and 0.49, respectively.

Boursa Kuwait’s trading value rose 7.6% to KWD 27.78 million on Sunday compared to KWD 25.82 million in the prior session, after the trading volume increased by 3.3% to 164.34 million shares from 159.12 million the session before.

The drop in Sunday’s trades was due to profit-taking transactions on the back of the market’s gains over the previous week, financial analyst Ziada Faqih told Mubasher.

From a technical perspective, the All-Share Market Index went below 5,300 points, and it is expected to reach 5,275 points over the coming sessions.

The banking sector topped losers with 0.8%, while the consumer goods sector headed the gainers after adding 3.2%.

By the end of the session, National Bank of Kuwait’s (NBK) stock, which went down 1.09%, led the bourse in terms of liquidity with KWD 3.63 million, while Kuwait Real Estate’s (KRE), which advanced 2.75%, posted the highest trading volume with 25.76 million shares.