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Boursa Kuwait closes Monday in green

Boursa Kuwait closes Monday in green
The Premier Market Index closed at 6,279.59 points

Mubasher: Boursa Kuwait rose on Monday amidst an increase in liquidity and gains by nine market sectors.

The Premier Market Index added 0.27%, while the All-Share and Main indices increased by 0.22% and 0.08%, respectively.

The Emir of Kuwait, Sabah Al-Ahmad Al-Jaber Al-Sabah, on Monday ordered the relief of First Deputy Prime Minister and Minister of Defense Sheikh Nasser Sabah Al-Ahmad Al-Jaber Al-Sabah, and Deputy Prime Minister and Minister of Interior Sheikh Khaled Al-Jarrah Al-Sabah from their positions.

Moreover, Sheikh Jaber Al-Mubarak Al-Hamad Al-Sabah was named as Prime Minister.

Jaber Al-Mubarak tendered the resignation of his cabinet to the Emir of Kuwait on Thursday.

Meanwhile, liquidity in the Kuwaiti stock exchange increased in the second session of the week to KWD 24.42 million, up from KWD 16.45 million on Sunday, with traded volumes reaching 162.37 million shares, compared with 130.51 million shares yesterday.

The consumer goods index led the rising sectors, adding 0.75%, followed by consumer services and basic materials with 0.62% and 0.47%, respectively. Banks gained 0.31%, while real estate and insurance levelled up by 0.29% and 0.15%, respectively.

On the other hand, financial services slipped 0.15%, as the only market sector index closing the session in the red zone.

As for the top-performing stocks, KCPC led gainers by surging 15%, while Tijara registered the highest loss and dropped 10%.

Aayan Leasing was the most actively traded stock with 15.8 million shares, and NBK logged the highest turnover with AED 4.98 million.