By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait started Thursday’s trading session with a mixed performance; the price index retreated 0.39% or 25 points to 6,346.26 points, the weighted index dropped 0.18%, while the Kuwait-15 index added 0.05%.
By 9:45am Kuwait time, the consumer services segment led decliners with 4.15%, dragged by IFA Hotels which lost 35.8% to be the top loser.
Meanwhile, the banking segment topped gainers with 0.21%, backed by Boubyan Bank which rose by 1.4%.
The resistance of the price index is at 6,374 points which will lead to 6,415 points, capital market analyst Nawaf Al Oun told Mubasher.
He added that if the price index holds above the 6,374-point level, the index will reach 6,455 points and 6,537 points.
The support level is at 6,355 points and 6,320 points, respectively, Al Oun added.
Boursa Kuwait’s turnover amounted to KWD 1.1 million after 12 million shares were traded through 536 transactions.
Boubyan Bank posted the highest liquidity of around 325,000.
Ithmaar was the most active stock on which 2.3 million shares were traded.
