By: Mohamed Farouk
Mubasher: Boursa Kuwait closed Tuesday’s trading session with a mixed performance after the All-Share and Premier markets shed 0.48%, and 0.73%, respectively, while the Main Market index inched up 0.14%.
The technology sector was the worst performer with 6.54%, while the health care sector led gainers with 6.83%.
Profit-taking trend seen in the mid-week session has driven the bourse to end on a mixed note, capital market analyst Badar Al Badr told Mubasher.
On the other hand, Tuesday's session also witnessed quick speculations on small and medium stocks, which boosted the Main Market index, Al Badr added.
From a technical perspective, the analyst further indicated that the All-Share Market index gave up resistance at 5,550 points to the support level of 5,530 points.
Unicap Investment and Finance’s stock was the worst performer after sliding 11.69%, while the stock of Future Kid Entertainment and Real Estate Company topped risers with a 19.47% growth.
The bourse’s liquidity tumbled 20% to KWD 28.79 million on Tuesday, from WKD 35.95 million, while traded volume dropped 15.3% to 145.38 million shares, compared to 171.71 million in the previous session.
National Bank of Kuwait’s (NBK) stock, which dipped 2.4%, generated the highest liquidity with KWD 5.48 million, while National Industries Group Holding’s stock, which fell 0.52%, posted the highest trading volume with 12.78 million shares.
Translated by: Mohammad Hesham Azab
