By: Mohamed Farouk
Mubasher: Boursa Kuwait ended Wednesday’s trading session in the green after the All-Share Market index jumped 35.92 points, or 0.65%, to 5,574.2 points.
The Main and Premier markets also rose 0.1% and 0.87%, respectively.
The bourse has restored its buying trend on Wednesday after dropping in the mid-week session, vice president of Investment Research at KAMCO Raed Diab told Mubasher.
The Kuwaiti stock market is also expected to see fluctuations over the coming period, amid forecasts for profit taking, Diab added.
From a technical perspective, the analyst further explained that the All-Share Market index hovered over 5,500 points, targeting the level of 5,600 and 5,650 points in the near future.
Top gainers
The technology sector led gainers after adding 10%, while the insurance sector led losers with 0.37%.
Automated Systems’s stock topped risers with 10%, while the stock of Real Estate Trade Centers (Marakez) was the worst performer with 9.09%.
Boursa Kuwait’s liquidity slid 5.3% to KWD 27.28 million, from WKD 28.79 million, while traded volume fell 9.6%, reaching 131.37 million, compared to 145.38 million on Tuesday.
Kuwait Finance House’s (KFH) stock, which upped 0.58%, led Boursa Kuwait in terms of liquidity with KWD 4.67 million, while Ahli United Bank –Bahrain’s (AUB) stock, which added 0.74%, posted the highest traded volume with 12.11 million shares.
Translated by: Mohammad Hesham Azab
