By: Mohamed Farouk
Mubasher: Boursa Kuwait’s indices showed a mixed performance at Tuesday’s close, as the price index dropped 0.14% to 6,899.45 points, losing 9.45 points, while the weighted and Kuwait-15 indices rose 0.32% and 0.29%, respectively.
Although the market index is showing a positive performance, it might witness some fluctuations before the Eid Al Adha holiday, vice president of the investment research department at KAMCO Raed Diab said.
It is unlikely to decline in the near future to the 6,730-point level, as it is expected to go to the 7,000-point level or beyond, Raed Diab added.
The consumer goods sector led the six winning sectors with 0.88%, backed by the increase in three major stocks, led by Mezzan and Americana with 3.07% and 0.2%, respectively.
The communication sector increased 0.6%, as Zain’s stock rose 1%, reaching 503 fils.
On the other hand, five sectors declined, led by the healthcare sector with a 6.7% drop, weighed down by Al Mowasat HealthCare with an 11.11% fall.
The industrial sector witnessed a 0.7% decline, pressured by the decrease in major stocks, led by National Cleaning with a 2.75% slide.
JIYAD led the winning stocks, growing 9% to 52.1 fils, winning 4.3 fils.
Turnover increased 41.3% to KWD 16.09 million on Tuesday versus KWD 11.39 million on Monday, and trading volume rose 30.4% to 86 million shares, as compared to 65.95 million shares the day before.
Zain’s stock acquired the highest turnover at KWD 2.8 million, with 5.56 million shares traded, while Al Imtiaz acquired the highest trading volume with 12.58 million shares exchanged, worth KWD 2.18 million, rising 2.34%.
Translated by: Mohammad Shokhba
