By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait started Monday’s trading session with a massive rise after the All-Share Market index inched up 0.24%, followed by the Main Market index with 0.13%, and the Premier Market index with 0.29%.
The rise in the bourse’s indices reflects the stability of the GCC country’s situation after the end of floods and unstable weather, capital market analyst Badar Al Badr told Mubasher.
The launch of over-the-counter market (OTC Market) is forecast to boost the bourse’s performance by attracting more local and overseas investors over the coming period, Al Badr added.
By 9:17 am Kuwait time, the financial services sector led risers with 0.58%, while the consumer services sector was the worst performer with 0.07%.
Al Mal Investment’s stock was the best performer after jumping 11.11%, whereas the stock of Ekttitab Holding led losers with 6.2%.
Boursa Kuwait saw trading of 15.3 million shares exchanged through 490 transactions at a turnover of KWD 1.6 million.
Human Soft Holding’s stock, up 2.7%, topped in terms of liquidity with KWD 450,400, while Al Mal Investment’s stock generated the highest traded volume after 3.12 million shares were exchanged.
Translated by: Mohammad Hesham Azab
