By: Mohamad Farouk
Mubasher: The benchmark price index of Boursa Kuwait edged up 0.04% or 2.7 points to close Wednesday’s session at 6,808.45 points.
Meanwhile, both the weighted and Kuwait-15 indices retreated 0.23% and 0.17%, respectively.
The continuous decline in the performance of both the weighted and Kuwait-15 indices reflects a lack of confidence in the listed companies’ activity, as well as investors’ disappointment in both financial results and distributions, capital market analyst Yaacoub Al Mashaan, told Mubasher.
The industrial sector topped gainers with 0.74%, backed by Kuwait Portland Cement which rose by 9.1%.
Meanwhile, the financial services segment led decliners with 1.03%, dragged by IFA Hotels which lost 20% to be the top loser.
Boursa Kuwait’s turnover decreased by 39.3% to KWD 7.58 million on Wednesday compared to KWD 12.49 million on Tuesday after the trading volume shrank by 8% to 60.25 million shares from 65.48 million.
Kuwait Finance House (KFH) posted the highest trading value of KWD 889,000. The stock retreated 0.51%.
Up 12.5%, Kuwait Syrian Holding was the most active stock on which 13.8 million shares were exchanged.
