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Boursa Kuwait closes Tuesday on mixed note

Boursa Kuwait closes Tuesday on mixed note
KFH posted the highest liquidity of KWD 7.28 million

Mubasher: The indices of the All-Share and Premier markets of Boursa Kuwait added 0.62% and 0.89%, respectively, by the end of Tuesday’s session, while the Main Market retreated 0.16%.

As 25 June approaches, more pressure is registered on Boursa Kuwait and the traded stocks, namely the blue chips which target portfolios, funds, and foreign investments, capital market analyst Yacoub Mashaan told Mubasher.

Boursa Kuwait is expected to be upgraded on the MSCI Index on 25 June.

The mixed performance of Boursa Kuwait’s indices is expected to remain until the stock market is upgraded on MSCI, the analyst added.

Boursa Kuwait’s turnover shrank by 34.2% to KWD 45.09 million on Tuesday from KWD 68.57 million in the previous session in line with a decrease of 20.1% in the trading volume to 192.66 million shares from 241.08 million.

The oil and gas segment topped seven gainers with 2.94%, while the real estate sector led the decliners with 0.69%.

Wethaq Takaful advanced the winners with 25.56%, while UPAC led the losers with 18.65%.

KFH posted the highest liquidity of KWD 7.28 million, the stock went up 0.43%.

AUB Bahrain was the most active stock on which 16 million shares were exchanged, the stock closed at 262 fils.