By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session in decline, as the All-Share Market index edged down 0.62% or 30 points to 4,801.86 points.
Similarly, the Main Market index retreated by 0.03% or 1.35 points to 4,864.35 points, and the Premier Market index declined by 1% or 46.6 points to 4,765.63 points.
Boursa Kuwait’s indices rose in the past two sessions as investors executed profit-taking transactions on blue chips in the Premier Market, capital market analyst Saad Al Roumi told Mubasher.
Thursday’s downward performance reflects positivity of some stocks that executed exiting, as this may boost the market in the coming session to regain purchasing on leading shares, the analyst added.
The financial services segment led ten decliners with 1.3% in line with the 4.55% fall of GFH in the Premier Market, and with the 9.3% drop of Al Deera Holding in the Main Market.
Meanwhile, the basic materials sector was the only gainer with 1%, backed by Boubyan Petrochemical with a 3% rise in the Premier Market.
Turnover shrank by 17.5% to KWD 15 million on Thursday compared to KWD 18.17 million in the previous session after the trading volume decreased by 10.8% to 77.86 million shares from 87.25 million.
The National Bank of Kuwait (NBK) posted the highest trading value of KWD 3.91 million. The stock lost 1.23%.
Kuwait Real Estate was the most active stock on which 17.73 million shares were traded, the stock levelled down 0.62%.
