By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session in decline after the All-Share Market index levelled down 1.3%, while the Main and Premier markets shed 0.24% and 1.69%, respectively. 

Boursa Kuwait’s trading value plunged 59.1% to KWD 19.35 million from KWD 47.36 million, while traded volume fell 37.2%, reaching 85.32 million shares, compared to 135.93 million on Thursday.

The stock exchange is expected to see a cautious trend and fluctuations over the coming period until the outlook for regional developments becomes clearer, vice president of the Investment Research Department in KAMCO Raed Diab told Mubasher.

Boursa Kuwait may also witness buying transactions after some stocks tumbled, Diab added, noting that trading activities will be impacted negatively ahead of the onset of the summer vacation.

The analyst further explained that the weak financial results of the companies by the end of the first quarter of 2019 and the trade war between China and the US have weighed on the Kuwaiti bourse.

The telecommunication sector led the losers with 1.72%, the banking sector dropped 1.39%, whereas the insurance sector topped the gainers with 0.33%.

Taameer Real Estate Investment headed the fallers with 15.19%, whereas Kuwait Real Estate Holding (Al Aqaria) was the best performer with 32.16%.

Kuwait Finance House (KFH), which slid 1.66%, led the bourse in terms of liquidity with KWD 5.59 million, while The Gulf Bank of Kuwait (GBK), which shed 0.99%, generated the highest trading volume after 8.95 million shares were exchanged.

Translated by: Mohammed Hesham Azab