By: Mohamed Farouk

Mubasher: All Kuwaiti indices concluded Tuesday’s trading session with a mixed performance for the second time in a row.

The indices of the All-Share and Main markets rose by 0.4% and 0.55%, respectively, while the Premier Market index retreated by 0.04% for the fourth consecutive time.

Meanwhile, Boursa Kuwait’s liquidity declined by 26.5% to KWD 21.78 million on Tuesday when compared to KWD 29.63 million during Monday’s session. The trading volume rose by 3.5% as 161.37 million shares were exchanged, when compared to 155.92.

The telecommunications sector was the top gainer among six sectors with a 1.2% growth, while the consumer goods sector was the top loser among four sectors with a 1.11% decline.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 2.82 million, the stock went up 0.13%, while Abyaar Real Estate was the most active stock with 20.45 million shares exchanged, the stock went up 6.87%.

’The All-Share market index is now close to the resistance level at 6,040 points after it had succeeded to exceed the resistance level at 6,010 points’, capital market analyst Yassin Al Zeiny told Mubasher, noting that a high volume of liquidity is required as the index is slackened.

He further ascribed the mixed performance during Tuesday’s session to the Main Market’s high activity during Tuesday’s session, hence, resulting in high trading volume and decline in liquidity. However, the index’s decline has helped it to get closer to the support level at 4,820 points, he added.