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Boursa Kuwait closes Sunday in rise for 3rd successive session

Boursa Kuwait closes Sunday in rise for 3rd successive session
Amwal International Investment was the top winner with 10%

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait continued their upward performance on Sunday, following two sessions in green.

The All-Share Market index gained 1.42% or 84.5 points to close at 6,012.72 points, the highest level in four months.

Similarly, the Main and Premier markets added 0.49% and 1.75%, respectively.

The All-Share Market index has broken through 6,000 points as a key resistance level, yet what is more important is the over 114-point gains recorded by the Premier Market which has approached the next resistance level of 6,045 points, capital market analyst Yacoub Al Mashaan told Mubasher.

The liquidity also increased by 24.1% to KWD 48.05 million, while the trading volume added 14.6% to total 188.81 million shares by the end of the session.

Boursa Kuwait’s consumer goods segment topped seven gainers with 2.07%, while the basic materials as well as the oil and gas retreated by 0.39% and 1.08%.

Amwal International Investment was the top winner with 10%, while the International Resorts led the losers with 9.52%.

Kuwait Finance House (KFH), up 4%, posted the highest liquidity of KWD 8.47 million. Meanwhile, Ahli United Bank – Bahrain (AUB) was the most active stock after 17.8 million shares were exchanged, the stock added 2.16%.