By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Tuesday with a massive increase for the second session in a row, as the All-Share, Premier, and Main markets went up 0.79%, 1.14%, and 0.17%, respectively.
Boursa Kuwait registered a come-back fluctuation on cheap stocks on Tuesday, in addition to strong purchasing transactions on blue chips that are nominated for listing on FTSE index in September this year, the head of the research unit at KAMCO Investment, Raed Diab, told Mubasher.
The active trading in Boursa Kuwait is expected to remain in July and August, however, the summer holiday season may have an impact on trading activities, Diab added.
The telecom segment topped nine gainers with 1.2%, while the consumer services sector was the only decliner with a fall of 0.67%.
Salbookh headed the winners with a rise of 12.7%, while Gulf Investment House (GIH) led the losers with 7%.
Boursa Kuwait’s turnover increased by 21.5% to KWD 24.79 million on Tuesday compared to KWD 20.4 million after the trading volume grew by 24.3% to 112.38 million shares from 90.410 million.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 4.41 million, the stock added 1.9%.
Kuwait International Bank (KIB) was the most active stock on which 14.48 million shares were traded, the stock went up 3.2%.
