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Boursa Kuwait extends gains on Wednesday for fourth day in row

Boursa Kuwait extends gains on Wednesday for fourth day in row
The market’s turnover fell by 15.8% on Wednesday

Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading session on a positive note for the fourth consecutive time, offsetting a large portion of its losses incurred in April.

The All-Share market rose by 0.86% while the Premier market grew by more than 1%.  

Moreover, the Main and BK 50 indices settled higher by 0.32%, and 0.91%, respectively.

In the meantime, the market’s liquidity slid by 15.8% to reach KWD 33 million from KWD 39.2 million on Tuesday. The trading volume slipped by 4.3% to 216.38 million shares from 226.13 million shares yesterday.

The telecom segment headed eight winners with 2.68%, whereas the financial services and the insurance instruments edged down by 0.06% and 0.77%, respectively.

The Investors Holding Group topped the green zone with 17%, whereas National Industries Group Holding headed the red zone with 17.65%.

Kuwait Finance House (KFH), down 0.17%, posted the largest turnover of KWD 6.3 million.

The Investors Holding Group led the trading activity through the exchange of 36.73 million shares at KWD 446,310.