By: Mohamed Farouk

Mubasher: All Kuwaiti indices ended Tuesday’s trading session on a mixed note, as the All-Share and Main markets levelled up by 0.06% and 0.25%, respectively, while the Premier index inched down by 0.01%.

Meanwhile, Boursa Kuwait’s liquidity rose by 3.7% to KWD 30.77 million from KWD 29.68 million in Monday’s trading session. The trading volume hiked by 37.4% to 164.43 million shares from 119.68 million.

Sector-wise, the real estate sector was the top gainer among four sectors with 0.8%, while the consumer goods sector led five decliners with 2.27%.

Osoul Investment Company topped the winners with 11.29% to close at KWD 69 fils, which is the highest level in three years, in line with the company’s announcement on Tuesday to discuss a possible capital cut on 12 September 2019.

In contrast, Future Kid Entertainment and Real Estate Company led the losers with 12.63% at KWD 86.5 fils, as 250,000 shares were exchanged through two transactions at a value of about KWD 21,900.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 6.81 million, the stock went up 0.67%, while Arzan Financial Group for Financing and Investment was the most active stock with 22.31 million shares exchanged, the stock went down 1.84%.

In the meantime, the All-Share market dominated over 80% of Boursa Kuwait’s liquidity, while the trading volume held 64% of total trading volume, capital market analyst Murad Al Damghi told Mubasher.

The All-Share market still needs to break through the level of 6,000 points, Al Damghi further added, highlighting that the index may succeed to reach this level by the end of the week.

As monthly trading ends next Thursday, positive results may take place, hence, signalling a new stage during the coming month, Al Damghi predicted.

Translated by:

Amal A. Wahaab