By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait dropped collectively by the end of Monday’s trading session.
The price index inched down 0.7% or 46.2 points to the level of 6,561.55 points.
Likewise, both the weighted and Kuwait-15 indices fell 0.76% and 1.1%, respectively.
Boursa Kuwait has entered the danger zone, and the price index is likely to target 6,400 points in case it did not settle above 6,620 points, capital market analyst Ibrahim Al Filkawy told Mubasher.
The insurance sector led declining sectors with 1.2% decrease, pressured by Warba Insurance which dwindled 12.5%.
Metal and Recycling’s stock topped rising stocks with an 11.11% growth, closing at a nominal value of 100 fils exchanged over 34,660 transactions at a turnover of KWD 3,000.
Liquidity surged 24.6% to KWD 16.54 million from KWD 13.28 million in the previous session.
Meanwhile, trading volumes rose 24.9% to 97.93 million shares from 78.42 million shares.
Mobile Telecommunications (Zain), which tumbled 2.61%, was the most active stock with a liquidity of KWD 4.61 million, while about 19.84 million shares were traded on Investors Holding Group, which dropped 6.15%.
Translated by: Mai Ezz El-Din
