By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait ended Wednesday’s session in the green zone, as the All-Share, Main, and Premier markets edged up by 0.6%, 0.02%, and 0.59%, respectively.

In the meantime, the bourse’s turnover rose by 91.1% to KWD 32.25 million when compared to KWD 16.88 million a day earlier.

The trading volume soared by 22.7% to 138.51 million shares from 112.91 million.

A group of six sectors advanced, led by the consumer goods with 2.7%, whereas a group of four sectors shed, topped by the consumer services with 1.32%.

Gulf Investment House (GIH) came on top of the risers with 10%, while Real Estate Trade Centers Co. (Marakez) led the fallers with 9.62%.

Kuwait Finance House (KFH) logged the highest liquidity of KWD 7.5 million, the stock went up 1.16%, while Aayan Leasing and Investment led the trading activity with 11.6 million shares, the stock edged up 0.53%.

The bourse’s positive performance on Wednesday is greatly attributed to the return of Kuwait’s ruler Emir Sheikh Sabah al Ahmad al Sabah to the country after hospital treatment in the US, capital market analyst Badar Al Badr told Mubasher.

The All-Share Market exceeded the important resistance level of 5,750 points and is now moving to the next level of 5,795 points. The index is expected to reach the level of 5,870 points by next week if it exceeds the level of 5,800 points, the analyst added.