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Boursa Kuwait closes Wednesday in red; turnover shrinks 22.8%

Boursa Kuwait closes Wednesday in red; turnover shrinks 22.8%
Amar Finance and Leasing jumped by 31.6% and was the session's top gainer

Mubasher: Boursa Kuwait closed Wednesday’s trading session in decline, as the All-Share and Premier markets levelled down by 0.19% each, while the Main index lost 0.21%.

The market’s turnover plunged by 22.8% to reach KWD 34.55 million, compared to KWD 44.74 million on Tuesday.

Likewise, traded volumes totalled 169.88 million shares, up by 4.1% from 163.14 million traded shares yesterday.

The technology sector decreased by 10%, topping six declining market sector indices, while consumer goods headed four ascending sectors and rose by 0.64%.

In the meantime, Burgan and Kuwait Syrian Holding were the top losing stocks with each dropping 10%. On the contrary, Amar Finance and Leasing jumped by 31.58% and was the session's top gainer.

The National Bank of Kuwait (NBK) achieved the highest turnover of KWD 6.31 million, the stock closed down 0.18%, while Al Imtiaz Investment Group led the trading activity with 16.97 million shares, and closed up by 3.13%.

As is the case across the world's stock markets, Boursa Kuwait is cautiously anticipating the results of the US president’s impeachment trial in the Senate, according to capital market analyst, Ibrahim Al Filkawy.

The analyst further told Mubasher that he expects a mixed performance for the market indices until the coming week.