By: Mohamad Farouk
Mubasher: The price index of Boursa Kuwait closed Monday’s session 0.03% or 2.11 points higher at 6,344.77 points.
Meanwhile, both the weighted and Kuwiat-15 indices retreated 0.22% and 0.18%, respectively.
Boursa Kuwait is missing a market maker to direct its shares, despite the pioneer stocks listed on it, capital market analyst Talal Al Youssef told Mubasher.
Kharafi Group represents a stumbling block in improving the market’s performance until the company completes its exit, capital market analyst Nasser Al Khamis said.
The industrial segment led seven decliners with 0.82%, dragged by Shuaiba Industrial which dropped 15.4% to be the top loser.
Real estate companies topped four gainers, backed by Real Estate Asset Management (REAM) which jumped 20% to top the winners.
Boursa Kuwait’s liquidity shrank by 34.3% to KWD 5.66 million on Monday compared to KWD 8.62 million in the previous session after the trading volume decreased by 6% to 46.72 million shares from 44.1 million.
Falling by 1.38%, Zain posted the highest turnover of nearly KWD 931,700.
Ithmaar was the most active stock on which 12.3 million shares were traded. The stock closed Monday’s session 10.06% higher, in line with the company’s disclosure of awaiting the final approval from the Central Bank of Bahrain (CBB) to list its shares on the Dubai Financial Market (DFM).
