By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Monday’s trading session in rise, as the All-Share Index levelled up by 0.92% to close at the level of 5,728.8 points after earning 52.3 points.
Both of the Main and Premier markets edged up by 0.4 and 11.1%, respectively.
The bourse’s turnover soared by 17.5% to KWD 62.77 million from KWD 53.43 million on Sunday.
The trading volume jumped by 10.7% to 200.6 million shares from 181.16 million.
A group of eight sectors rose, led by the consumer services with 1.69%.
The basic materials and real estate sectors were the sole decliners with 0.56% and 0.51%, respectively.
Kuwait Foundry led the gainers with 8.75%, while Gulf Cement Co. topped the losers with 12%.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 19.38 million, while Ahli United Bank – Bahrain (AUB – Bahrain) was the most active stock with 40.21 million shares exchanged, each stock levelled up by 0.74%.
The trading activity on the Premier Index was prominent during Monday’s trading session, ahead of Boursa Kuwait’s upgrade to the S&P Emerging Markets Index, capital market analyst Yacoub Al Mashaan told Mubasher.
The All-Share Index succeeded to break through the level of 5,700 points. Still, it has to reach the first resistance level of 5,755 points and the second at 5,790 points.
