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Boursa Kuwait closes Tuesday on mixed note

Boursa Kuwait closes Tuesday on mixed note
Boursa Kuwait’s consumer goods segment headed six gainers

By: Mohamed Farouk

Mubasher: The All-Share and Premier markets of Boursa Kuwait added 0.23% and 0.32%, respectively, while the Main Market retreated by 0.07% by the end of Tuesday’s session.

The trading value decreased by 17.6% to total KWD 16.88 million from KWD 20.49 million in the previous session, while the trading volume grew by 5.1% to 112.91 million shares from 107.44 million.

The third quarter financial statements are expected to impact the stocks listed on the Premier Market, head of research investment unit at KAMCO Investment Raed Diab told Mubasher.

He expects Boursa Kuwait to witness gradual momentum during the coming period, while investors are forecast to take advantage of the available chances in the stock exchange.

Boursa Kuwait’s consumer goods segment headed six gainers with 1.4%, while the technology sector led the decliners with 10%.

Arabi Group Holding was the top winner with 14.71%, while Kuwait and Middle East Financial Investment (KMEFIC) led the losers with 10.07%.

Kuwait Finance House (KFH) posted the highest liquidity of KWD 2.39 million, the stock went up 1.03%.

Kuwait Real Estate was the most active stock on which 5.54 million shares were traded, the stock added 5.54% to reach the highest level in four years.