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Boursa Kuwait’s indices end Thursday mixed

Boursa Kuwait’s indices end Thursday mixed
The oil and gas sector topped seven decliners with 1.83%

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait ended Thursday’s trading session in a mixed performance for the third day in a row, as the All-Share and Premier markets levelled down by 0.25% and 0.43%, respectively, while the Main Market index inched up 0.28%.

The liquidity declined by 26.6% to KWD 19.6 million from KWD 26.71 million on Wednesday, while the trading volume dropped by 3%, reaching 147.86 million shares from 152.38 million.

The oil and gas sector topped seven decliners with 1.83%, while the consumer services led three gainers with 0.68%.

In the meantime, the National Bank of Kuwait (NBK), down 1.03%, recorded the highest turnover of KWD 2.13 million, while Ajwan Gulf Real Estate, up 5.07%, posted the highest trading volume of 15.14 million shares.

Commenting on the Boursa Kuwait’s performance on Thursday, capital market analyst Emad Nouri said that the Main Market index approached the level of 4,900 points. He added that if the index exceeded this level next week, it will continue with an upward performance in the remaining sessions in 2019.

As for the Premier market index, Nouri remarked that the stocks listed on this index are operating and blue chips that succeeded in attracting higher levels of liquidity in the recent period. He noted that in case of profit-taking, the Premier market is likely to rise again in the beginning of the next week.