Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session with a mixed performance for the third consecutive session.
The Premier and the All-Share markets added 0.43% and 0.21%, respectively, while the Main market retreated by 0.18%.
Volatility may continue in the coming period despite the positive income statements in the first quarter this year and the attractive levels stocks have reached, the deputy head of the investment research unit at KAMCO Raed Diab told Mubasher.
If the market breaks the resistance of 4,768 points, a positive performance will be witnessed with a target level of 4,805 points, while falling below the support level 4,718 points may lead to reaching 4,650 points.
Boursa Kuwait’s turnover increased to KWD 8.77 million on Tuesday from KWD 8.29 million in the previous session after the trading volume decreased to 47.53 million shares from 63.65 million.
Boubyan Bank topped the winners with 1.67%, while GFH led the losers with 1.90%.
Kuwait International Bank (KIB) was the most active stock on which 2.7 million shares were exchanged, the stock added 0.46%.
The National Bank of Kuwait (NBK) posted the highest trading value of KWD 1.3 million, the stock went up 0.28%.
