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Boursa Kuwait’s indices collectively rise on Sunday

Boursa Kuwait’s indices collectively rise on Sunday
KFH recorded the highest turnover of KWD 8.52 million

By: Mohamed Farouk

Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session collectively high, amid an increase in the All-Share index by 0.66% or 41.84 points to 6,393.04 points.

In addition, the Main and Premiere markets rose by 0.47% and 0.72%, respectively.

Liquidity increased by 23.3% to KWD 43.37 million from KWD 35.17 million in the previous session, while the trading volume levelled up by 23.9% to 200.57 million shares from 161.89 million.

The banks sector led six gainers with 0.91%, amid a rise in nine stocks topped by Kuwait Finance House (KFH) with 1.1% and National Bank of Kuwait (NBK) with 0.55%.

Meanwhile, the consumer services sector topped four decliners with 0.7%, followed by the oil and gas with 0.15%, the consumer goods with around 0.05%, and the real estate with 0.03%.

Amwal International Investment led the green zone with 10%, while Gulf Investment House (GIH) came on top of the red zone with around 12.9%.

KFH recorded the highest turnover of KWD 8.52 million, while Arzan Financial Group for Financing and Investment, up 4.84% to 26 fils, registered the highest trading volume of 36.75 million shares.

Capital market analyst, Nizar Younes told Mubasher that the companies, namely in the banking sector, have begun to announce their financial results. This is considered a main factor for the trading’s performance in the coming period.

He added that shareholders are anticipating the financial results and dividends.