Mubasher: Boursa Kuwait indices plunged at the end of Sunday’s trading session, following a strong downward performance earlier today that drove the market to suspend trading on the Premier Market, until the end of the day, after its index dropped more than 10% in the session's first 30 minutes.
The All-Share Index fell by 9.16% or 556 points to 5,515.86 points, while the Main and BK 50 market indices retreated by 4% and 4.7%, respectively.
Moreover, turnover totalled KWD 10.23 million after 143 million shares were exchanged through 4,992 transactions.
Market cap losses amounted to KWD 3.17 billion ($10.39 billion) or 9.2% down when compared to the previous session.
In addition, the banks' sector headed 10 losing market sectors and fell by 11%, followed by the consumer services sector with 9.1%.
Kamco Investment came on top of the falling stocks and lost 17.81%, whereas Bayan Investment led the risers and gained 8.11%.
Kuwait Finance House (KFH) hit the highest liquidity at KWD 1.48 million, the stock went down by 10% and closed at 715 fils, while Abyaar Real Estate Development led the trading activity through the exchange of 16.86 million shares, the stock slid 7.94%.
Market experts expect GCC stock markets to maintain the downward trend among concerns about the coronavirus outbreak and falling global oil prices.
