Kuwait – Mubasher: Boursa Kuwait opened Tuesday’s trading session in the red on a semi-collective decline of its sectors, led by banks and industrials.
By 9:40am Kuwait time, the price index shed 0.12% or 8.35 points to 6,990.88 points, while the weighted and Kuwait-15 indices lost 0.37% and 0.30%, respectively.
Eight sectors were down during early trades, led by industrials with 0.34%, after its stock National Consumer Holding plunged 9.09%. The sector shrugged off gains by Kuwait Building Materials Manufacturing, which topped gainers and surged 7.94%.
The real estate sector fell 0.32%, pressured by seven stocks, led by Kuwait Business Town Real Estate, which dropped 5.36%.
The banks sector declined 0.20%, amid pressure by five stocks, led by the Commercial Bank of Kuwait (CBK) with 3.53% and the National Bank of Kuwait (NBK) with 1.47%.
On the other hand, four sectors were in the green, led by financial services with 0.26%, backed by a number of its stocks, particularly Synergy which gained 6.15%.
Turnover reached KWD 9.7 million after 98.1 million shares were traded through 1,900 transactions.
Taameer Real Estate Investment, up 1.20%, was the most active on Boursa Kuwait early Tuesday in terms of traded volume with 10.97 million shares exchanged, while Burgan Bank, up 1.49%, was the value leader with KWD 3.1 million in turnover.
