Mubasher: Boursa Kuwait indices fell at Sunday’s close, dragged by the negative performance of nine market sectors.
The Premier Market and the All-Share indices plunged by 6.51% and 5.48%, respectively, while the BK 50 and Main Market indices dropped by 4.35% and 2.91%, respectively.
Turnover amounted to KWD 38.46 million, down from KWD 51.79 million in the previous session.
Trading volume slipped to 156.38 million shares from 200.31 million shares last Wednesday.
The banks' segment led nine losing sectors with 6.55%, whereas the insurance index came on top of the winners with 2.60%.
Kuwait Foundry was the top faller with as it plummeted by 22.67%, whereas Kuwait Insurance was the top gainer and soared by 10%.
The National Bank of Kuwait (NBK) achieved the highest liquidity of KWD 8.03 million and closed down by 4.98%.
Ahli United Bank – Kuwait (AUB Kuwait) led the trading activity through the exchange of 21.05 million shares and down by 10.3%,
Previously, the Capital Markets Authority (CMA) approved resuming trade on Boursa Kuwait as of Sunday after the Kuwaiti cabinet announced a two-week public holiday in an attempt to curb the spread of the coronavirus (COVID-19).
However, the transfer of ownership, mandatory execution, off-market trade, and over the counter (OTC) trading will all be postponed for a week, and until further notice.
