By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Wednesday’s trading session with a massive increase for the second session in a row in line with a leap in the trading value and a general improvement in trading activity.
The All-Share Market index added 0.31% or 15.1 points to 4,831.86 points, the Main Market index went up 0.03% or 1.6 points to 4,865.7 points, and the Premier Market index rose by 0.5% or 23 points to 4,812.25 points.
Rising for the second session in a row reflects the state of positivity that impacted Boursa Kuwait’s investors after the positive financial results of both NBK and Boubyan Bank, capital market analyst Murad Al Damghi told Mubasher.
Boursa Kuwait needs more liquidity to continue rising and attract further investments, the analyst added.
The stock exchange is expected to register further positivity on Thursday with forecasts of higher liquidity to boost the indices, Al Damghi added.
The basic materials segment topped six gainers with 0.7%, followed by the consumer services sector with a rise of 0.68%.
Meanwhile, insurance companies led five decliners with 3.4%.
Wethaq headed the winners with 9.96% at 28.7 fils, while Marakez led the losers with 11.5% at 23.9 fils.
Boursa Kuwait’s liquidity grew by 72.6% to KWD 18.17 million on Wednesday compared to KWD 10.53 million in the previous session after the trading volume increased by 20.8% to 87.25 million shares from 72.21 million.
The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 5.33 million. The stock added 0.41% to close at 732 fils.
Manazel was the most active stock on which 17.09 million shares were exchanged. The stock gained 3.45% to finish at 36 fils.
