By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait finished Wednesday’s trading session on a mixed note after the All-Share and Premier markets inched up 0.09% and 0.2%, respectively, while the Main Market index levelled down 0.19%.
The technology sector led risers with 8.6%, while the consumer services sector was the worst performer after falling 2.2%.
The bourse’s blue-chip stocks have been seeing considerable investments and accumulation wave, especially equities listed on the Premier Market, capital market analyst Murad Al Damghi told Mubasher.
The mixed performance of the Kuwaiti stock exchange is forecast to continue until Thursday, Al Damghi added.
From a technical perspective, the analyst further explained that the All-Share Market index needs a strong rebound and heavy liquidity to exceed the level of 5800 points.
Credit Rating and Collection’s (Tahssilat) stock led gainers after surging 20%, while the stock of Hilal Cement was the worst performer with 18.6%.
Liquidity fell 2.1% to KWD 38.53 million on Wednesday, from KWD 39.35 million, while trading volume rose 7% to 251.5 million shares, compared to 235.18 million on Tuesday.
Kuwait Finance House’s (KFH) stock, which inched up 0.61%, topped the bourse in terms of traded value with KWD 5.63 million, while First Investment Company’s stock, which surged 6.25%, posted the highest traded volume with 30.88 million shares.
Translated by: Mohammad Hesham Azab
