By: Mohamed Farouk
Mubasher: The indices of the All-Share and the Premier markets of Boursa Kuwait closed Thursday’s trading session higher with 0.02% and 0.14%, respectively, while the Main Market index closed 0.34% down.
Boursa Kuwait’s turnover decreased by 19.2% to KWD 56.81 million on Thursday from KWD 70.34 million in the previous session in line with a 6.7% decline in the trading volume to 235.24 million shares from 252.08 million.
With the recent increases witnessed in Boursa Kuwait, a downward performance is expected to interfere in the coming period, yet it will be within the rapid profit-taking activity, capital market analyst Badar Al Badr told Mubasher.
The indices’ mixed performance does not affect the overall performance of Boursa Kuwait, with the decline in the Main Market index was reasonable in line with the drop of penny stocks and low liquidity, the analyst clarified.
Boursa Kuwait is expected to begin the coming week with active trading, as the disclosures of the semiannual financials have started, Al Badr further noted.
The telecom segment topped five gainers with 1.7%, while the insurance sector led five decliners with 0.57%.
Credit Rating and Collection (Tahssilat) advanced the winners with 20.16%, while Hilal Cement led the losers with 16.1%.
The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 8.9 million, the stock added 1.09%.
Aayan Leasing, up 6.12%, was the most active stock on which 30.84 million shares were exchanged.
