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Boursa Kuwait’s indices end Wednesday mixed

Boursa Kuwait’s indices end Wednesday mixed
Kuwait Real Estate Holding (Al Aqaria) was the top riser

Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading session on a mixed board, as the All-Share index and Premier markets rose by 0.29% and 0.4%, respectively, while the Main Market index declined by 0.05%.

Liquidity decreased by 17.8% to KWD 53.69 million from KWD 65.35 million on Tuesday, 14 January, while the trading volume slid by 18% to 204.24 million shares from 249.13 million shares.

A total of six sectors rose, led by the banks with 0.59%, while five sectors retreated, topped by the health care with around 0.85%.

Meanwhile, Kuwait Real Estate Holding (Al Aqaria) came on top of the green zone with 9.96%, while Educational Holding Group topped the red zone with nearly 13.95%.

Kuwait Finance House (KFH), up 0.25%, achieved the highest turnover of KWD 8.88 million, while First Investment Company, up 1.45%, recorded the highest trading volume of 20.91 million shares.

Trading on the OTC

The over-the-counter (OTC) platform witnessed the first trading of Boursa Kuwait where its latest stock price reached 303 fils per share.

The stock registered the highest trading activity, with 3.75 million shares traded through 155 transactions at a value of KWD 1.135 million.

By the end of Wednesday’s session, the total number of OTC trades reached 3.81 million shares through 158 transactions at a liquidity reaching KWD 1.137 million.

Deputy head of the research unit at KAMCO Investment, Raed Diab, told Mubasher that the outlook of the market is still positive despite the temporary declines, which usually happen for profit-taking and repositioning.