By: Mohamed Farouk
Mubasher: The benchmark price index of Boursa Kuwait started Sunday’s trading session 0.09% or 5.8 points higher at 6,634.33 points.
Similarly, both the weighted and Kuwait-15 indices went up 0.11% and 0.09%, respectively.
The resistance of the main index lies at 6,640 points; if the index succeeds in breaking this resistance, the price index will rise to 6,695 points and 6,720 points, respectively, capital market analyst Nawaf Al Oun told Mubasher.
The price index’s current support level is at 6,594 points; if the index breaks this level, it will keep falling to the lowest level at 6,554 points which is close to the support level of 6,540 points, Al Oun added.
By 9:25am Kuwait time, the financial services segment topped gainers with a rise of 0.36%, backed by GFH which gained 3.05%.
The banks segment also gained 0.32%, in line with the rise of Ithmaar, the National Bank of Kuwait (NBK), and Boubyan Bank which gained 4.27%, 0.25%, and 0.22%, respectively.
Meanwhile, the telecom sector led decliners with 0.5%, dragged by Aan which lost 4.3%.
National Cleaning was the top winner with a rise of 5.1%, while Arzan led losers with a fall of 8.57%.
Boursa Kuwait’s trading value amounted to KWD 1.9 million after 14.8 million shares were exchanged through 390 transactions.
AUB recorded the highest liquidity of about KWD 601,600.
Ithmaar was the most active stock on which 3.5 million shares were traded.
