By: Mohamed Farouk

Mubasher: Boursa Kuwait on Monday was able to recover part of the losses it incurred yesterday, which saw the suspension of trading on the Premier market after its index dropped by nearly 11%.

The bourse ended Monday’s trading session on a positive note as the Premier and Main market indices rose by 6.34% and 4.86%, respectively, while the BK 50 and All-Share indices increased by 1.42% and 4.86%, respectively.

Meanwhile, turnover registered its highest level in six months, nearing KWD 87 million compared to KWD 10.23 million a day earlier. Trading volume jumped by 125.7% to 322.71 million shares from 143 million traded shares on Sunday.    

The banks' segment topped seven winners with a 5.61% increase, followed by telecom with 4.25%, whereas the basic materials and oil and gas indices were the only losing sectors with 1.26% and 0.26%, respectively.

Kamco Invest came on top of the gaining stocks with an 18.19% surge, whereas Dar Al Thuraya Real Estate came on top of the decliners and fell by 27%.

The National Bank of Kuwait (NBK) recorded today's highest liquidity with KWD 22.43 million and closed up by 8.43%, while Investors Holding Group led the trading activity through the exchange of 52.09 million shares before ending the session up by 12.61%.  

In this regard, capital market analyst Mohammed Al Enzi told Mubasher that the Kuwaiti bourse and Capital Markets Authority (CMA) protected the market and investors alike yesterday through the adequate decisions and regulations in the event of a strong downward spiral. 

He further expected the coming period to see positive moves as companies will pay dividends to its shareholders and the bourse is likely to receive cash inflows from FTSE Russell Industry Classification Benchmark (ICB) before the end of March.