By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait registered a decline during the week ended on 20 December in line with a positive performance for the trading value.
The All-Share Market went down 1.03% or 53.1 points to 5,096.56 points this week from 5,149.67 points last week.
The All-S share index succeeded in rebounding this week from the first support level at 5,100 points, a good indicator in the short term, capital market analyst Hassan Al Kandry told Mubasher.
It is expected for the All-Share Market to continue with the fluctuating performance until it reaches the main support level at 5,050 points at which the index may rebound, the analyst added.
The Premier Market retreated 1.46% or 78.7 points to 5,308.88 points from 5,387.53 points a week ago.
Similarly, the Main Market edged down 0.13% or 6.1 points to 4,710.35 points from 4,716.42 points.
Boursa Kuwait’s turnover increased by 197.6% to KWD 266.85 million from KWD 89.68 million last week.
The trading volume grew by 65.9% to 771.41 million shares from 465.04 million a week earlier.
The number of transactions increased by 44.5% to about 30,390 from nearly 21,030.
Market cap went down 1% to KWD 28.49 billion from KWD 28.78 billion by the end of last week, registering a drop of KWD 290 million week-on-week.
