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Boursa Kuwait’s indices end 2019 collectively high

Boursa Kuwait’s indices end 2019 collectively high
Al Masaken International Real Estate Development came on top of the winners

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait ended its last trading sessions in 2019 collectively high for the second day in a row, amid mixed performance.

The All-Share Index levelled up by 0.18% or 11.07 points to close at 6,282.46 points, while the Premier and Main markets inched up by 0.13% and 0.33%, respectively.

The bourse’s liquidity declined by 8.6% to KWD 34.04 million from KWD 36.16 million on Monday, 30 December.

Meanwhile, the trading volume increased by 2.4% to 171.57 million shares from 167.53 million in the previous session.

The oil and gas sector topped seven gainers with 1.58%, while the insurance segment led three decliners with 1.36%.

At the same time, Al Masaken International Real Estate Development came on top of the winners with 10%, while Umm Al Qaiwain General Investments Co led the losers with 14.5%.

Kuwait Finance House (KFH), up 0.12%, achieved the highest liquidity of KWD 4.27 million, while Arzan Financial Group for Financing and Investment, down by 0.84%, registered the highest trading volume of 17.16 million shares.

Capital market analyst, Moustafa Al Jarhi, commented that the continuing rise of the Premiere Market Index is really positive as it indicates the upward performance in the coming period, during which the annual results of the listed companies and dividends will be announced.