By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session with a massive increase in line with active trading backed by blue chips, including Zain, KFH, and NBK.
The All-Share index added 0.92%, the Main Market went up 0.57%, while the Premier index rose 1.09%.
The general outlook for Boursa Kuwait remains positive in line with a new phase in the stock exchange, this will encourage further listing on international indices such as MSCI, deputy head of the investment research unit at KAMCO Raed Diab told Mubasher.
The oil and gas segment topped eight gainers with 4.3%, while the technology sector led three decliners with 1.68%.
Energy House was the top winner with a leap of 46.4%, while Al Masaken International led the losers with 13.13%.
Boursa Kuwait’s turnover increase by 61.6% to KWD 27.03 million on Tuesday compared to KWD 16.73 million in the previous session after the trading volume grew by 21.1% to 105.88 million shares from 87.42 million.
The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 7.45 million, the stock went up 1.5%.
National Shooting was the most active stock on which 10 million shares were exchanged, the stock added 3.03%.
