Mubasher: The indices of Boursa Kuwait ended Sunday’s trading session on a mixed board as its Premier Market Index hit a new record level of 6,973.73 points, after registering 1.51% growth.
The All-Share Index climbed 1.11% to its highest level of 6,263.72 points, whereas the Main Market Index decreased 0.08% to 4,856.95 points, compared to their levels on Thursday.
The trading activity declined during Sunday’s session with the liquidity reaching KWD 52.85 million from KWD 57.07 million on Thursday, while the trading volume went down to stand at 164.23 million shares, compared to 179.51 million shares. Last Thursday, 19 December, a final approval was resolved to upgrade Kuwait to the MSCI Index of emerging markets, a decision which the Kuwaiti minister of commerce and industry expected to generate at least $2.5 billion inflows after implementing while resulting in up to $4 billion foreign investment flows to Boursa Kuwait.
Meanwhile, seven sectors posted an increase, with banks topping the gainers with 1.33%, whereas three sectors dropped, with the consumer services being the biggest decliner with 0.64%.
Alrai Media Group topped the green zone with 11.44%, while Future Kid Entertainment and Real Estate came on the top of losers with 10%.
As for the most active stock, Ahli United Bank (AUB) posted the highest trading volume of 16.91 million shares. Kuwait Finance House (KFH), up 1.25%, recorded the highest liquidity of KWD 9.91 million.
