By: Mohamed Farouk

Mubasher: Kuwait stocks recorded their highest levels in four months, extending the gaining streak to the fourth consecutive session, with the highest trading activity since mid-September.

The All-Share Market index closed at 6,043.64 points, 0.36% or 22 points higher, while the Main Market and Premier Market indices settled with the former edging up by 0.18% and the latter climbing by 0.43%.

The bourse’s liquidity recorded a notable 21.3% increase to KWD 58.29 million, compared with KWD 48.05 million in Sunday’s session, while the trading volume grew by 26.2% to 238.18 million shares, from 188.81 million shares.

The sustained rally of the Premier Market gave a further push to the whole bourse, with the stocks covered by the index accounting for 83% of the overall liquidity during the session, analyst Emad Nouri told Mubasher.

That said, the Main Market remained dominant as far as volumes are concerned.

In terms of sectors, six sectors, including oil and gas, led the rally, advancing by 4.35%, whereas four slid by 1.93%, with consumer services sector the top loser.

The All-Share Market was close to a resistance point at 6,050 points, and if the upward trend continued, the index will face consecutive resistances.

In terms of individual stocks, Unicap Investment and Finance recorded the biggest gains, rising by 15.07%, while White Cement was topped the losses with a 10% drop.

Shares of Kuwait Finance House (KFH) dominated in value at KWD 11.22 million, with its stock adding 0.79 to 765 fils, as National Real Estate (NRE) led the bourse in terms of trading volume at 32.09 million shares, a growth of 9.55%.

Translated By: Islam Hisham