Mubasher: Boursa Kuwait ended Sunday in the red; the first session after market segmentation.
The All-Share index went down 0.73% or 36.66 points to 4,96.34 points.
Similarly, the Main Market index retreated 013% or 6.6 points to 4,993.41 points; the Premier Market index dropped 1.08% or 54.1 points to 4,945.9 points.
Capital market analysts told Mubasher that Boursa Kuwait’s website suffered from a default in the first few minutes of Sunday’s session, which witnessed the launch of the market segmentation, but the website gradually adjusted the new amendments.
Boursa Kuwait’s turnover decreased to nearly KWD 8 million after 35 million shares were exchanged; analysts clarified that this performance is attributed to the market segmentation, which took effect on 1 April, in line with cautious traders.
Telecom companies led decliners with 2.71% in line with the fall of Zain in the Premier Market and Ooredoo in the All-Share Market with 3.33% and 2.86%, respectively.
Meanwhile, the technology segment topped gainers with 8.02% in line with the increase of Automated Systems and Osos with 9% and 6.5%, respectively.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 3.12 million in the Premier Market, while HEISCO topped the trading value with about KWD 677,300 in the Main Market.
KFH was the most active stock on which 5.3 million shares were exchanged in the Premier Market, while Abyaar Real Estate was the most active stock on which 4 million shares were traded in the Main Market.
