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Kuwaiti indices up at Thursday’s close

Kuwaiti indices up at Thursday’s close
Turnover increased by 20.2% on Thursday

Mubasher: Boursa Kuwait ended Thursday’s trading session in the green territory, as the All-Share Market index levelled up by 0.16% or 10 points to close at 6,369.11 points, while the Main and Premier indices inched up by 0.1% and 0.18%, respectively.

Turnover increased by 20.2% at KWD 41.53 million when compared to KWD 34.55 million on Wednesday. The trading volume totalled 272.72 million shares, up by 60.5% from 169.88 million.

Meanwhile, the technology segment headed seven risers with 9.93%, whereas the oil and gas sector led four fallers with around 1%.

Amar for Finance and Leasing was the top winner with 21%, whereas Burgan Company for Well Drilling, Trading, and Maintenance Company came on top of the losers with 10%.

Moreover, Al Imtiaz Investment Group achieved the highest turnover of KWD 6.37 million through the exchange of 47.63 million shares, the stock was up 1.52%, backed by the disclosure of its financial results for fiscal year 2019.

The Kuwaiti indices showed an outstanding performance on Thursday unlike the previous sessions of the week, capital market analyst Yehia Al Ajami told Mubasher.

The analyst considered it positive for the All-Share index to settle close to the resistance level of 6,375 points today, expecting it to break through the level of 6,400 points if it exceeds the resistance in the coming session. The index will, then, approach the levels 6,550 - 6,675 points.