By: Mohamed Farouk

Mubasher: All Kuwaiti indices rose by the end of Monday’s session, hence, ending a decline stage lasted for three consecutive sessions.

Meanwhile, the All-Share Market index levelled up by 0.44 at level 5934,490 points, earning 25.82 points, while the Main and Premiere markets edged up by 0.32% and 0.48%, respectively.

Sector wise, the consumer goods was the top gainer among seven sectors with 1.89%, while the basic materials sector was the top loser among three sectors with 0.62%.

The National Industries Group Holding topped the winners with a 10% growth, while Bayan Investment headed the losers with a 5.9% decline.

Meanwhile, Boursa Kuwait’s liquidity rose by 3.5% to KWD 29.68 million from KWD 28.69 million on Sunday, 25 August’s session. The trading volume declined by 11.5% to 119.68 million shares exchanged from 135.26 million.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 6.21 million, the stock went up 0.68%, while Arzan Financial Group was the most active stock with 12.32 million shares exchanged, the stock went up 0.74%.

The All-Share Market succeeded to regain liquidity momentum, particularly in banks’ stocks, which have mostly increased by the end of Monday’s session, hence, compensating the past decline stage and repositioning the index to move upwardly, capital market analyst Saad Al Roumi told Mubasher.

He further stressed that the All-Share index is now closer to the first resistance level at 5,940 points, and is expected to move to the next resistance level at 5,975 points and 6,000 points, respectively, in case it could break through during Tuesday, 27 August’s session.

Translated by: Amal A. Wahaab