By: Mohammad Farouk
Mubasher: The indices of Boursa Kuwait started Wednesday’s trading session lower; the price index went down 0.21% or 14.6 points to reach 6,878.25 points, while both the weighted and Kuwait-15 indices fell 0.34% and 0.49%, respectively.
By 9:30am Kuwait time, the banks segment retreated by 0.17%, dragged by KFH and AUB, which were back to trading on Wednesday.
The market’s liquidity is expected to reach an average between KWD 40 million KWD 42 million on Wednesday in line with resuming trading on KFH, AUB, and AUB Kuwait, capital market analyst Mohamad Al Anzi told Mubasher.
Al Anzi added that the benchmark price index is forecast to target 6,930 points and 6,950 points, respectively, while its support levels are at 6,895 points and 6,875 points.
The telecom sector dropped 0.54%, dragged by Zain and Viva which lost 1.12% and 0.61%, respectively.
Boursa Kuwait’s liquidity stood at KWD 5.4 million after 22 million shares were traded through 690 transactions.
KFH recorded the highest liquidity of KWD 1.82 million, falling 0.32%.
Gulf Bank was the most active stock on which 3.63 million shares were traded, rising 1.22%.
