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Boursa Kuwait shows mixed performance on Tuesday

Boursa Kuwait shows mixed performance on Tuesday
The insurance segment topped seven gainers with 2%

By: Mohamed Farouk

Mubasher: The Kuwaiti indices closed Tuesday’s trading session mixed, as the All-Share and Premier markets went up by 0.91% and 1.3%, respectively, whereas the main index shed by 0.24%. 

The turnover slid by 0.8% to stand at KWD 46.5 million from KWD 46.89 million on Monday. Meanwhile, the trading volume grew by 2% to reach 163.41 million shares from 160.3 million.

The insurance segment topped seven gainers with 2%, whereas the oil and gas sector headed four decliners with 3.9%.

The Real Estate Trade Centers Co. (Marakez) was the top riser with 17.65%, whereas Gulf Cement Co was the top faller with 12.93%.

Kuwait Finance House (KFH) logged the highest turnover of KWD 10.94 million, the stock was up 1.43%, while Aayan Leasing and Investment led the trading activity with 15.9 million shares, the stock went up 2.63%.   

The market is expected to see stock reaccumulation and volatility over the coming period in line with the region’s ongoing tension, deputy head of the research unit at KAMCO, Raed Diab, told Mubasher.