By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session with a mixed performance for the second day in a row.
The benchmark price index went down 0.55%, or 37.14 points, to 6,670.31 points, while both the weighted and Kuwait-15 indices added 0.16% and 0.34%, respectively.
Technology companies topped four gainers with 1.9%, followed by oil and gas firms that added 0.8% on the back of Energy House which gained 11.55%.
Meanwhile, the industrial sector led seven decliners with 1.4%, dragged by Human Soft which lost 6.7%.
Kuwait Cable was the top winner with 20%, while Yiaco Medical led losers with 13.6%.
Boursa Kuwait’s turnover increased by 21.2% to KWD 10.98 million on Tuesday compared to KWD 9.06 million in the previous session after the trading volume grew by 79.5% to 84.79 million shares from 47.24 million.
Kuwait Finance House (KFH) posted the highest trading value of KWD 1.35 million. The stock closed the session at 592 fils.
Ithmaar, which fell by 5.21%, was the most active stock on which 14.52 million shares were traded.
Boursa Kuwait registered buying transactions on small and medium shares with a share value worth KWD 6.59 million, capital market analyst Nasser Al Khamis told Mubasher.
The stock market is expected to post better performance in the coming period, the analyst added.
