By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Monday’s trading session with a massive rise as the All-Share Market index inched up 0.36%, followed by the Main and Premier markets with 0.13% and 0.47%, respectively.
The increase in Monday’s session came amid investors’ optimism about the companies’ annual financial results, in addition to the expected improvement in the economic situation over the next period, capital market analyst Ali Al Sulami told Mubasher.
It is worth noting that the Premier Market index rebounded on Monday after acquiring over than 74% of the bourse’s liquidity, Al Sulami added.
The analyst further noted that Mobile Telecommunications’ (Zain) stock saw large trading activities which boosted it by 0.9%.
From a technical perspective, Al Sulami indicted that the Premier Market index hovered over the level of 5,400 points, and it may hit 5,425 and 5,450 points in the next sessions.
The financial services sector led gainers after growing 1.13%, while the insurance sector was the worst performer after losing 0.64%.
Livestock Transport and Trading’s stock topped risers after jumping 11.2%, while the stock of First Takaful Insurance led losers with 9.9%.
The National Bank of Kuwait’s (NBK) stock, which added 0.5%, led the market in terms of liquidity with KWD 5.27 million, while Aayan Leasing and Investment’s stock, up 3.55%, generated the highest trading volume with 38.84 million shares.
Translated by: Mohammad Hesham Azab
