By: Mohamed Farouk

Mubasher: Boursa Kuwait closed Thursday’s trading session on a mixed note. The All-Share Market index remained unchanged when compared to a day earlier, while the Premier index inched down by 0.01 and the Main index edged up by 0.01%.

The bourse’s turnover rose to KWD 15.75 million from KWD 12.78 million on Wednesday, with a 23.2% increase. The trading volume advanced by 32% to 90.84 million shares from 68.84 million.

A group of six sectors rose, led by the industrial with 0.65%, while a group of four sectors fell, headed by the consumer services with 3.54%.

Taameer Real Estate Investment topped the gainers with 31.82%, whereas Al Massaleh Real Estate led the losers with 7.9%.

The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 3.46 million, the stock levelled down 0.11%.

Registering its second most active trades in 2019, Taameer headed the trading activity through the exchange of 14 million shares.

Boursa Kuwait witnessed a balanced performance in Thursday’s session as the indices registered similar results, capital market analyst Ali Al Selmy told Mubasher.

The indices were close to hitting the bourse’s first collective rise since the beginning of October, Al Selmy added, noting that the selling pressure was dominant particularly on the Premier Market’s stocks; this has pushed the index to close in red.

He further said that the All-Share index is expected to face two main resistance levels at 5,665 points and 5,685 points, respectively, in case it succeeded to break through the current first resistance level at the level of 5,650 points.

Translated by: Amal A. Wahaab