By: Mohamed Farouk
Mubasher: The Indices of Boursa Kuwait closed Thursday’s session on positive note, with the All-Share Market index rising by 0.18%, or 10.46 points, to 5,812.65 points, while the Main and Premier Market indices grew by 0.05% and 0.23%, respectively.
Boursa Kuwait’s liquidity shrank by 28.2% to KWD 35.03 million on Thursday, compared to KWD 48.76 million in the previous session, while trading volume plunged by 5.4% to 137.95 million shares from 145.74 million on Wednesday.
The consumer goods sector topped gainers and added 3.11%, whereas the technology sector headed fallers after sliding 10%.
Tamdeen Real Estate led the risers with 10.95%, while Automated Systems headed the decliners and shed 10%.
National Bank of Kuwait’s (NBK) stock, which grew by 0.83%, registered the highest trading value of KWD 6.55 million, while Al Imtiaz Investment Group’s stock, unchanged at 136 fils, led the bourse in terms of trading volume with 29 million shares.
The indices of Boursa Kuwait closed in green in line with expectations after the MSCI’s upgrade of Kuwait to an Emerging Market status, technical analyst Yasin Al Zeiny told Mubasher.
Al Zeiny projected that Boursa Kuwait will continue to experience the upward trend by the beginning of next week together with the recovery of liquidity.
Translated by: Zeinab Adel
