By: Mohamad Farouk
Mubasher: The benchmark price index closed Monday’s trading session 0.49% or 32.9 points lower at 6,724.63 points.
Similarly, both the weighted and Kuwait-15 indices edged down 0.3% and 0.31%, respectively.
Boursa Kuwait still lacks catalysts despite the efforts exerted by the Capital Markets Authority (CMA) in line with Boursa Kuwait Securities Company to boost investors and traders’ sentiment, capital market analyst Badar Al Badr told Mubasher.
The market segmentation which is expected to be effective early April impact the performance of Boursa Kuwait, the analyst added.
The main price index is being supported at 6,700 points; if the index rises on Tuesday, this would be a positive indicator to reach 6,800 points and go beyond by the end of this week, the analyst noted.
The consumer services segment led eight decliners with 1.28%, dragged by Sultan Center which dropped 20% to be the top loser.
Meanwhile, the healthcare sector topped three gainers with 2.03%, dragged by Yiaco Medical which rose by 9.23%.
Boursa Kuwait’s turnover decreased by 24.5% to KWD 10.12 million on Monday compared to KWD 13.4 million in the previous session after the trading volume shrank by 10% to 53.55 million shares from 59.5 million.
Kuwait Finance House (KFH) posted the highest trading value of KWD 1.81 million. The stock went down 0.17%.
Falling 1.92%, Kuwait Real Estate was the most active stock on which 9.47 million shares were traded.
