By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait started Monday’s trading session in green after the All-Share Market index inched up 0.2%, followed by the Premier and Main markets with 0.17% and 0.33%, respectively.
The growth of the bourse in Monday’s session is driven by an increase in blue-chip stocks, especially National Petroleum Services’ (Napesco) stock, capital market analyst Murad Al Damghi told Mubasher.
The All-Share Market index is facing strong a resistance at 5,200 points and it exceeds this level on Monday, Al Damghi added, noting that after passing this level, it will resume the rising trend and turns to the next resistance of 5,230 points.
By 9:15 am Kuwait time, the oil and gas sector led risers with 3.7%, while the real estate sector edged down 0.2%.
Napesco’s stock was the best performer after growing 9.9%, while Wethaq Takaful Insurance’s stock was the worst performer after losing 4%.
The bourse’s trading volume reached 27 million shares exchanged through 653 transactions, generating a turnover of KWD 2.8 million.
National Industries Group Holding’s stock, up 1.8%, generated the highest liquidity with KWD 960,000, while Aayan Leasing and Investment’s stock, which grew 0.8%, topped the market in terms of trading volume with 5.8 million shares.
Translated by: Mohammad Hesham Azab
