By: Mohamed Farouk
Mubasher: The benchmark index of Boursa Kuwait started Tuesday’s trading session 0.03% higher to 6,346.79 points.
Meanwhile, both the weighted and Kuwait-15 indices retreated 0.05% each.
By 9:30am the industrial segment topped gainers with 0.4%, backed by Shuaiba Industrial with a rise of 19.5% to the top winner.
The banking sector also added 0.23% in line with the 2.3% growth of Ithmaar.
The price index is expected to face resistance of 6,355 points which may lead to 6,374 points and 6,415 points, respectively, capital market analyst Nawaf Al Oun told Mubasher.
He added that breaking or holding above the current resistance may push the price index to reach 6,455 points and 6,537 points, respectively.
The current support level for the price index is at 6,320 points, of which breaking my lead to 6,280 points and 6,240 points, Al Oun added.
Meanwhile, the financial services segment led decliners with 0.2%, dragged by Kuwait and Middle East Financial Investment (KMEFIC) which lost 8%.
Real estate firms dropped 0.16% in line with the 4.55% decline of United Real Estate.
Boursa Kuwait’s turnover amounted to KWD 934,000 after 9 million shares were exchanged through 320 transactions.
Kuwait Finance House (KFH) went down 0.35%, posting the highest liquidity of KWD 316,000.
Ithmaar was the most active stock on which 4.93 million shares were traded, rising 1.27%.
