By: Mohamed Farouk
Mubasher: The All-Share and Premier indices of Boursa Kuwait closed Tuesday lower with 0.83% and 1.32%, respectively, while the Main Market added 0.46%.
Boursa Kuwait’s turnover declined by 3.8% to KWD 32.06 million on Tuesday from KWD 33.31 million in the previous session after the trading volume decreased by 7.4% to 117.53 million shares from 126.86 million.
The coming period is expected to witness volatility due to the tension between the US and Iran as well as the unstable global stock markets, deputy head of the investment research unit at KAMCO Raed Diab told Mubasher.
The banking instrument of Boursa Kuwait led nine decliners with 1.02%, while the consumer goods and technology sectors were the only gainers with 4.08% and 10%, respectively.
Al Mudon was the top winner with a rise of 10%, while Hilal Cement led the losers with 16.8%.
KFH posted the highest liquidity of KWD 7.26 million, the stock went down 1.53%.
GBK was the most active stock on which 15.98 million shares were traded, the stock retreated 1%.