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Boursa Kuwait ends Thursday on mixed note

Boursa Kuwait ends Thursday on mixed note
The banking sector led gainers after inching up 0.82%

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait finished Thursday’s trading session with a mixed performance after the All-Share and Premier markets inched up 0.61% and 1.13%, respectively, while the Main Market index fell 0.75%.

The All-Share Market index targets the level of 5,990 points in the next sessions after surpassing 5,790 points in Thursday’s session, technical market analyst Nawaf Al-Oun told Mubasher. The index needs further liquidity to hit this level, he added.

As for the Premier Market index, it needs to exceed resistance level at 6,245 points, Al-Oun added, noting that if it passes this level, it will grow to 6,310 points.

The analyst further explained that the Main Market is targeting breaking the resistance level of 5,040 points.

The banking sector led gainers after inching up 0.82%, while the insurance sector was the worst performer with 2.42%.

International Resorts Company’s (IRC) stock was the best performer after soaring 62%, while Kuwait Syrian Holding’s stock was the worst performer with 14.04%.

Kuwait Finance House’s (KFH) stock, which upped 2.08%, generated the highest liquidity with KWD 6.88 million, while the stock of The Gulf Bank of Kuwait (GBK), down 0.64%, topped the bourse in terms of traded volume with 17.39 million shares.

 

Translated by: Mohammad Hesham Azab