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Boursa Kuwait closes Wednesday in green

Boursa Kuwait closes Wednesday in green
Only the main index declined for the second session in a row

Mubasher: Boursa Kuwait rose on Wednesday, as the all-share index added 0.16%, while the premiere market index increased by 0.35%.

The BK 50 index levelled up by 0.06%, while the main index declined, for the second day in a row, by 0.36%.

Trading volume amounted to 101.33 million shares with a total turnover of KWD 25.33 million.

Five market sectors closed in gains, led by the materials index that added 1.32%, while another five sector indices closed in red.

PetroGulf topped the rising stocks with 7.33%, while Dar Al Thuraya led the decliners and dropped by 19.31%.

NBK registered the highest turnover of KWD 5.46 million, while AUB-Bahrain was the most actively traded stock with 16.91 million shares.

Vice president of research and strategy at Kamco Invest, Raed Diab, told Mubasher that the reopening of the economy, as well as the recovering oil prices, supported the positive performance by the Kuwaiti stock exchange.

The analyst expects the coming period to see improved performance from listed companies businesses reopen and companies announce their quarterly financial results.