By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s session in positive territory.
The benchmark price index rose 0.45%, or 29.93 points, to finish at 6,633.44 points, while the weighted and Kuwait-15 indices increased 1.52% and 1.29%, respectively.
Boursa Kuwait will put the weighted indices into effect as of next from Sunday, 1 April, to replace the benchmark price indices, which have been in place for 35 years, economist Adnan Al-Dulaimi said.
The weighted indices reflect the real condition of the bourse, which is in line with global stock markets' criteria, Al-Dulaimi added.
By the end of the last session of this week, six sectors surged, spearheaded by the consumer goods which added 9.9%.
Meanwhile, the oil and gas segment topped the market’s losers falling 1.26%.
Boursa Kuwait’s liquidity hiked 97.1% to KWD 22.19 million on Thursday from KWD 11.26 million on Wednesday, while trading volume jumped 114.6% to 89.38 million shares from 41.65 million shares in the previous session.
Kuwait Financial House’s (KFH) stock, which rose .017%, led the bourse in terms of liquidity with KWD 5.13 million, while Aqar Real Estate Investments' (AQAR) stock, which declined 2.9%, topped the market in terms of trading volume with10.57 million shares.
Translated by: Kholoud Mohamed Hussein
