By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait finished Wednesday’s trading session with a positive performance after the Premier Market index rose 7 points, or 1.4%, to 5,340 points.
The Main Market index also added 7.3 points, or 0.15%, to 4,740.2 points, while the All-Share Market index levelled up 7.1 points, or 0.14%, to 5,127.43 points.
The bourse’s Wednesday growth is expected, especially after Saudi Arabia’s Mobile Telecommunication Company Saudi Arabia (Zain) approved selling towers, capital market analyst Saad Al Rumi told Mubasher.
The rise in the stock exchange also came after Ahli United Bank (AUB)-Bahrain affirmed discussions about a potential merger with Kuwait Finance House (KFH) Al Rumi added.
The analyst further indicated that the positive trend is forecast to continue in Thursday’s session.
The Premier Market index’s performance impacted positively on the two indices.
The oil and gas sector led gainers with 0.4%, whereas the healthcare sector was the worst performer with 3.04%.
Amar for Finance and Leasing’s stock topped risers with 23%, whereas the stock of Al Deera Holding led losers with 14.4%.
KFH’s stock, up 0.5%, generated the highest liquidity with KWD 3.4 million, whereas Al Enmaa Real Estate’s stock, down 3.6%, led the market in terms of traded volume after 11.2 million shares were exchanged.
Translated by: Mohammad Hesham Azab
