By: Mohamed Farouk

Mubasher: The Boursa Kuwait indices were mixed at Tuesday’s close for the second consecutive session, with the All-Share and Premier markets inching up by 0.2% and 0.44%, respectively, and the BK Main 50 Index and Main indices falling by 0.4% and 0.49%, respectively.

Turnover slid by 13% on Tuesday to stand at KWD 26.77 million from KWD 30.76 million in the previous session. The trading volume, however, increased by 47.6% to 317.58 million shares from 215.21 million.     

The consumer goods segment came on top of seven risers with 0.88%, whereas the consumer services sector headed three fallers with 1.16%.

Al Mal Investment was the top winner with a steep increase of 62.07%, whereas Tamdeen Investment led the losers with 10%.  

Kuwait Finance House (KFH) hit the highest liquidity of KWD 5.05 million, the stock was up 0.37%, while Aan Digital Services Co was the most active stock through the exchange of 66.64 million shares, the stock grew 10.24%.     

Boursa Kuwait saw some recovery on Tuesday, following the losses incurred over the previous period as oil prices fell to their lowest in more than a year, not to mention the novel coronavirus outbreak, vice president, investment strategy and research at Kamco Invest, Raed Diab, told Mubasher.

Yet, the market is still solid after MSCI’s announcement to include the Kuwait equities in its emerging markets benchmarks in May 2020, with expected new liquidity, he revealed.    

Positive financial results of listed banks and companies will further boost the Kuwaiti market, he added.