Mubasher: The performance of Boursa Kuwait has been endorsed during Thursday’s trading session after being upgraded to the MSCI Emerging Markets Index, with its indices hitting a record level amid a 140.60% jump in liquidity.
The Premier Market Index increased by 0.61% to 6,870.30 points, recording its highest level since it started operating in April 2018, while the All-Share Index went up by 0.54% to the highest level of 6,195.18 points.
Meanwhile, the Main Market Index inched up by 0.34% to 4,860.84 points, posting the highest level since August.
Earlier on Thursday, a final approval was resolved to upgrade Kuwait to the MSCI Index of emerging markets.
The liquidity jumped by 140.60% to KWD 57.07 million, versus KWD 23.72 million on Wednesday, while the trading volume surged by 55.16% to 179.51 million shares, compared to 115.69 million shares in the previous session.
Thursday’s trading session saw an increase in eight sectors, with the banks topping the gainers with 0.60%, while the oil and gas sector as well as the insurance declined by 0.34% and 0.28%, respectively.
The National Shooting Co was the top gainer with 19.51%, while Al Eid Food led losers with 8.45%.
As for the most active stocks, Aayan Leasing and Investment posted the highest trading volume of 25.19 million shares, while the National Bank of Kuwait (NBK), up 0.94%, posted the highest liquidity of KWD 16.29 million.
