By: Mohamed Farouq
Mubasher: Al Imtiaz Investment Group’s stock acquired 26.6% of Boursa Kuwait’s liquidity –mid-Tuesday, which is the best trading activity it has seen in a month.
Al Imtiaz led the trading at 10:49 am with KWD 2.4 million in turnover, after 14.14 million shares were traded through 253 transactions.
The total purchase requests increased to 23.4 million shares versus 18.2 million shares offered for selling, boosting the stock 0.59% to 170 fils, winning only 1 fils.
Al Imtiaz boosted the financial services sector to become the leader of Tuesday’s session, with a total liquidity of KWD 3.5 million and 29.2 traded shares.
The stock lit up in green above 168 fils at Monday’s close, and if it is above 169 fils before Tuesday’s close, it will target higher levels at 175, 184, and 192 fils, market analyst Mohamed Al Anzi told Mubasher.
Translated by: Mohammad Shokhba
