By: Mohamed Farouk

Mubasher: The All-Share Market index of Boursa Kuwait retreated by 0.31% or 19.7 points to close Thursday at 6,324.99 points.

Similarly, both the Main and Premier markets went down by 0.14% and 0.37%, respectively.

The liquidity shrank by 34.2% to KWD 38.33 million, compared to KWD 58.24 million on Wednesday. Furthermore, the trading volume decreased by 31.2% to 306.72 million shares from 445.77 million.

The consumer services segment led seven decliners with 1.55%, while the real estate segment was the only gainer with 0.04%.

Abyaar Real Estate Development was the top faller with 10.29%, while First Dubai for Real Estate Development headed the winners with 18.97%.

National Bank of Kuwait (NBK), down 0.94%, posted the highest turnover of KWD 6.77 million. Meanwhile, Aan Digital Services, up 16.06%, was the most active stock on which 60.79 million shares were exchanged.

Commenting on Boursa Kuwait’s performance, capital market analyst Moustafa AL Jarhi told Mubasher that the decline witnessed on Thursday came in line with the correcting profit-taking transactions amid growing liquidity in the Premier Market.

As companies delay announcing their financial results during January, the downward performance period lasts longer, given the remaining two-month disclosure period, Al Jarhi added.