By: Mohamed Farouk

Mubasher: All Kuwaiti indices declined by the end of Thursday’s trading session for the third consecutive time in a week. The All-Share market slightly retreated by 0.06% at level 6,000.1 points losing 3.67 points, while the Main and Premiere indices fell by 0.01% and 0.22%, respectively.

Meanwhile, Boursa Kuwait’s trading activity closed mixed, as liquidity rose by 4% to KWD 22.71 million from KWD 21.85 million in Wednesday’s session; the trading volume dropped by 10.1% to 106.92 million shares from 118.89 million.

The real estate sector led the decliners with 0.84% among four sectors, while the consumer goods sector headed six winners with a 5.8% growth.

Amar for Finance and Leasing topped the losers with a 35.3% decline, while Tijara and Real Estate Investment led the gainers with an approximate 10% growth.

Kuwait Finance House (KFH) posted the highest liquidity at KWD 3.83 million, the stock went down 0.26%, while Arzan Financial Group for Financing and Investment was the most active stock with 12.31 million shares exchaged, the stock went up 1.44%.

Investors’ worries over an aggravation of the global economic recession crisis have already cast a shadow on the regions’ markets in general and the Kuwaiti market in particular, hence, the downward movements were dominant during Thursday’s session, capital market analyst Ziad Fakih told Mubasher,

The global economy has not yet recovered from the US-China trade dispute consequences to face the so-called economic recession, Fakih remarked.

The short-term trading direction will be clear by the beginning of next week’s activities, he further alluded, stressing that all of the Investment Portfolio Management, the Capital Markets Authority (CMA), as well as Boursa Kuwait’s management should all support the market in the coming period to avoid a decline similar to that which had followed the global financial crisis in late 2008.

Translated by: Amal A. Wahaab