By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait started Wednesday’s trading session with a mixed performance; the price index retreated 0.35% or 23.2 points to reach 6,625.11 points, the weighted index dropped 0.12%, while the Kuwait-15 index went up 0.02%.
The benchmark price index is facing resistance at 6,640 points, which will help the index to move upward, capital market analyst Nawaf Al Oun told Mubasher.
The price index will temporarily target 6,695 points and 6,705 points once the index holds above the 6,640 points, the analyst added.
Breaking the support level, the main index is expected to target 6,618 points, 6,594 points, and to the lowest level of 6,554 points, respectively.
By 9:35am Kuwait time, the telecom segment was the only gainer with a growth of 0.1%, backed by Zain which levelled up 0.39%.
Meanwhile, the oil and gas sector led decliners with 0.96%, dragged by Senergy which lost 7.7% to be the top loser.
Boursa Kuwait’s turnover amounted to KWD 2.4 million after 12.9 million shares were exchanged through 480 transactions.
Human Soft registered the highest trading value of nearly KWD 435,700.
Al Imtiaz was the most active stock on which 2.52 million shares were exchanged, falling 1.17%.
