Blue chips boost KSE to close in green

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) rose 0.51% or 26.70 points to close at 5,262.35 points on Wednesday.

The weighted index levelled 1.27% or 4.53 points up to 362.21 points, and KSX 15 index grew 1.71% or 14.33 points to reach 854.37 points.

Today’s liquidity increased 44% to KWD 16.65 million, as trading volume grew 57.12% to 202.49 million shares.

The speculative transactions on blue chips backed the main index to rise, amid fair profits and dividends announced by NBK, Zain Agility, Boubyan Bank, and Kuwait Projects, said investment portfolio director Abdullah Al-Mansour.

The basic materials sector topped the gainers by 2.31% growth, while the consumer services sector led the decliners by losing 1.71%.

Arabi Group Holdings was the top winners as it grew 8.06%, while Kuwait National Cinema became the biggest loser with a 16.67% decline.

Ithmaar Bank was the most active as 18.96 million shares were exchanged with a value of about KWD 618,100.

Zain recorded the highest turnover of KWD 2.02 million which was generated through 5.47 million shares.  

Mubasher Contribution Time: 02-Mar-2016 10:01 (GMT)