By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Thursday’s trading session with positive performance after the All-Share, Main, and Premier markets rose 1.09%, 0.38%, and 1.36%, respectively.
The bourse’s liquidity increased by 23.8% to KWD 21.32 million on Thursday from KWD 17.22 million, while trading volume went up 7.1% to 84.23 million shares, compared to 78.64 million in the previous session.
The stock exchange’s Thursday growth is a positive sign by the end of the week and lays the ground for an anticipated rebound over the coming week, capital market analyst Badar Al Badr told Mubasher.
From a technical perspective, the analyst stated that the All-Share Market index closed Thursday with an increase, but it is in need of another boost to hover over the level of 5,700 and 6,000 points.
The Premier Market index is targeting the level of 6,250 and 6,300 points after exceeding 6,100 points by the end of Thursday's session.
The technology sector topped the gainers with 19.9%, whereas the basic materials and insurance sectors were the worst performers with 0.35% and 3.9%, respectively.
Automated Systems led the winners with 19.9%, whereas Kuwait Insurance led the losers with 16.5%.
Kuwait Finance House (KFH), which rose 1.62%, topped the bourse in terms of trading value with KWD 3.66 million, while Ahli United Bank-Bahrain (AUB), which edged up 0.79%, generated the highest traded volume after 9.04 million shares were exchanged.
Translated by: Mohammad Hesham Azab
