By: Mohamed Farouk

Mubasher: Boursa Kuwait’s indices have closed Wednesday’s session higher, following three sessions in red, endorsed by stock accumulation transactions in the Premier Market as well as a slight improvement in trades.

The All-Share Market index closed the session in the green zone, gaining 0.39% or 23.23 points to reach 6,047.15 points.

Similarly, the Premier and Main markets added 0.34% and 0.52%, respectively.

The Premier Market has regained momentum in liquidity in line with the leading companies’ disclosures of the semiannual financial statements; meanwhile, the trading volume of Boursa Kuwait is still directed to the Main Market’s shares, capital market analyst Yacoub Al Mashaan told Mubasher.

Boursa Kuwait’s turnover increased by 6.7% to KWD 22.69 million on Wednesday compared to KWD 21.27 million in the previous session, after the trading volume grew by 14.2% to 109.34 million shares from 95.79 million.

The turnover has not yet reached the levels registered in the first half of July, after the upgrade of the stock market to the MSCI Emerging Markets that led to more liquidity in portfolios, funds, and different financial associations, the analyst added.

The industrial segment topped six gainers with 1.04%, while the consumer services sector led three decliners with 0.77%.

The indices of Boursa Kuwait are forecast to decline in the coming period if disclosures are delayed further, Al Mashaan said, noting that the regional and international political tension should be considered as well.

Kuwait Remal Real Estate advanced the winners with 19.23%, while Kuwait Resorts led the losers with 18.56%.

Kuwait Finance House (KFH), up 0.52%, posted the highest liquidity of KWD 3.11 million.

National Industries was the most active stock on which 12.89 million shares were traded, the stock closed at 232 fils.