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Kuwaiti indices close Tuesday mixed; turnover up to KWD 44.7m

Kuwaiti indices close Tuesday mixed; turnover up to KWD 44.7m
The trading volume reached 163.14 million shares on Tuesday

By: Mohamed Farouk 

Mubasher: Boursa Kuwait showed a mixed performance at Tuesday’s close, as the All-Share and Premier markets inched down by 0.16% and 0.24%, respectively, whereas the Main index was up by 0.07%.

The market’s liquidity increased by 5.6% to reach KWD 44.74 million when compared to KWD 42.38 million on Monday. The trading volume went up by 1.4% to 163.14 million shares from 160.92 million.

The industrials sector headed four losers with 0.72%, whereas the oil and gas segment led six winners with 4.26%.

Moreover, United Projects Company for Aviation Services (UPAC), down by 9.96%, was the top faller, whereas Ream Real Estate Company, up by 9.78%, was the top riser.

Kuwait Finance House (KFH) achieved the highest turnover of KWD 12.07 million through the exchange of 14.75 million shares, the stock was down 0.61%.

Boursa Kuwait has seen a positive performance for two days in a row following recent gains that primarily centred on leading and operational stocks, vice president, investment strategy and research at Kamco Invest, Raed Diab, told Mubasher.

Generally, the market is enjoying a positive performance, he revealed, adding that there is no sign of a downward trend as regional geopolitical tensions calmed down and banks started announcing their annual financials for 2019.

Translated by: Amal A. Wahaab