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Boursa Kuwait’s indices fall on Monday amid higher turnover

Boursa Kuwait’s indices fall on Monday amid higher turnover
Alrai Media advanced the winners with more than 50%

By: Mohamed Farouk

Mubasher: The All-Share Market index of Boursa Kuwait lost 71.91 points to close at 5,863.38 points, lower by 1.21% when compared to the previous session.

Similarly, both the Main and Premier markets went down by 0.41% and 1.49%, respectively.

The All-Share Market index has passed a key support level at 5,900 points, then went down to the following support level at 5,870 points to approach breaking the next support level at 5,835 points., capital market analyst Nezar Yunus told Mubasher.

Boursa Kuwait’s turnover increased by 98.9% to KWD 39.34 million on Monday from KWD 19.78 million in the previous session, while the trading volume grew by 36.1% to 175.52 million shares from 128.95 million.

The technology segment led nine decliners with 10%, while the oil and gas as well as the insurance sectors were the only gainers with 1.9% and 1.51%, respectively.

The Automated Systems Company led the losers with 10%, while Alrai Media advanced the winners with more than 50%.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 6.56 million, the stock went down 1.62%.

Ahli United Bank – Bahrain (AUB Bahrain) was the most active stock on which 19.33 million shares were exchanged, the stock lost 2.08%.