Mubasher: The indices of Boursa Kuwait resumed their positive performance on Monday for the fourth session in a row, as the All-Share and the Main markets rose by 0.31% each. Similarly, the Premier Market index inched up by 0.3%.

Boursa Kuwait’s liquidity decreased by 9.3% to KWD 37.35 million on Monday, compared to KWD 41.17 million in the previous session. Also, the trading volume declined by 51% to reach 221.55 million shares, compared to 452.01 million.

The consumer services segment advanced five gainers with 1.29%. Meanwhile, the consumer goods sector led five decliners with 3.46%.

Al Eid Food Company was the top winner with 10%, while Tijara and Real Estate Investment led the losers with 12.94%.

The National Industries Group Holding posted the highest liquidity of KWD 4.55 million, the stock went up 2.09%.

Moreover, Arzan Financial Group for Financing and Investment posted the highest trading volume, for the second consecutive session, amounting to 77 million shares, the stock rose by 1.66%.

Analyst Commentary

The Main Market index accounted for the lion's share of the trading volume, boosted by the stock of Arzan which acquired the major of the volume during Monday and Sunday, capital market analyst Murad Al Damghi told Mubasher

Al Damghi highlighted that the prices of several operating stocks in the Main Market lowered recently; he further noted that these stocks are witnessing a state of accumulation and formation of new investment positions in the current time.

Al Damghi clarified that the All-Share Market index approached to hit the first resistance level of 6,150 points, noting that breaking this level would push the index to reach 6,200 points before the end of this week.