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Kuwaiti indices end Monday on mixed note

Kuwaiti indices end Monday on mixed note
The turnover declined to KWD 42.38 million on Monday

Mubasher: Boursa Kuwait showed a mixed performance at the end of Monday’s trading session, as the All-Share and Premier markets levelled down by 0.17% and 0.24%, respectively, whereas the main index edged up by 0.01%.

The turnover went down by 2.3% to KWD 42.38 million from KWD 43.37 million on Sunday. Traded volume shrank by 19.8% to 160.92 million shares from 200.57 million

Moreover, the consumer goods segment led today's five declining market sector indices with 1.58%, while technology topped six risers by adding 10%.

Alrai Media Group was the top losing stock by dropping 9.07%, while Automated Systems headed the session's gainers and surged by 10%.

Kuwait Finance House (KFH) went down by 0.12% and registered the highest liquidity of KWD 10.28 million, while Arzan Financial Group for Financing and Investment closed down 0.77% and recorded the highest traded volume with 13.82 million shares.

In the meantime, investors were waiting in anticipation for the results of KFH’s general assembly meeting which has discussed various topics, including the final approval of its merger with Bahrain's Ahli United Bank (AUB), capital market analyst, Moustafa Al Jarhi, told Mubasher.

Al Jarhi added that closing Monday’s session above the support level of 6,365 points is a good sign for the All-Share Index and reflects a consistent performance nearing the important resistance level of 6.400 points, which if exceeded on Tuesday, the index is likely to test the two levels of 6,475 points and 6,560 points, respectively, before the end of January.