By: Mohamed Farouk
Mubasher: The index of Boursa Kuwait’s All-Share Market closed Wednesday 0.68% higher in line with the rise of both the Main and Premier Markets by 0.26% and 0.84%, respectively.
The All-Share index rose on Wednesday for the fourth consecutive session after the tension has decreased between the US and Iran, deputy head of the research unit at KAMCO Investment Raed Diab told Mubasher on Wednesday.
The turnover decreased by 11.4% to KWD 30.7 million on Wednesday from KWD 34.63 million in the previous session, while the trading volume grew by 2.1% to 110.41 million shares from 30.7 million.
Among the factors that endorsed the stock market’s positive performance is the new liquidity that was pumped into the market, mainly in the Premier Market, Diab added.
The industrial instrument topped nine gainers with 1.43%, while the consumer goods segment was the only decliner with a fall of 4.68%.
Sharjah Cement advanced the winners with 9.54%, while Kuwait Resorts led the losers with 14.29%.
KFH posted the highest liquidity of KWD 6.4 million, the stock added 1.51%.
AUB Bahrain was the most active stock on which 18.84 million shares were traded, the stock closed at 250 fils.
