Boursa Kuwait leading sectors close Wednesday in red

Mubasher: Boursa Kuwait’s indices showed a mixed performance at Wednesday’s close, as the price index dropped 0.14% to 6,922.48 points, losing 9.5 points, and the weighted index declined 0.01%, while Kuwait-15 rose 0.07%.

The healthcare sector topped the six losing sectors, with a 4.11% drop, influenced by Al Mowasat HealthCare’s stock, which declined 6.64%.

The financial services sector lost 0.36% after a drop in several major stocks, led by Al Madar’s decrease of 6.7%.

The banking sector lost 0.02%, in line with the decline in three major stocks, topped by Ithmaar with a 1.42% drop.

On the other hand, five sectors gained, led by the materials sector, which won 1.57%, after the rise in three major stocks, topped by Kuwait Foundry with a 4.4% rise.

The real estate sector rose 0.36%, led by Tamdeen with a 3.9% rise.

Turnover declined 8.9% to KWD 13.97 million on Wednesday, compared to KWD 15.34 million on Tuesday.

Trading volume also declined 26.9% to 69.27 million shares, compared to 94.81 million shares the day before.

Zain topped the trading on all levels, with 9.25 million shares traded at a turnover of KWD 4.61 million, while the stock price dropped 1% to 497 fils.

MUBASHER Contribution Time: 23-Aug-2017 11:41 (GMT)
MUBASHER Last Update Time: 23-Aug-2017 11:41 (GMT)