By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Tuesday’s trading session in a mixed note for the fourth session in a row.
The All-Share and Premier markets went down 0.32% and 0.48%, respectively, while the Main Market index retreated 0.14%.
Boursa Kuwait’s turnover decreased slightly by 0.54% to KWD 44.04 million on Tuesday from KWD 44.28 million in the previous session, while the trading volume grew by 9.5% to 220.15 million shares from 201.03 million.
Following the upgrade of Boursa Kuwait to the MSCI Emerging Markets index, the profit-taking activity was mainly focused on blue chips which registered high gains, the deputy head of the research unit at KAMCO Investment Raed Diab told Mubasher.
Offering new investment tools on Boursa Kuwait would endorse the trading activity, adding to that meeting the requirements and conditions set by MSCI before November 2019, the analyst added.
The industrial segment topped five gainers with 1.18%, while the consumer goods sector led four decliners with 0.81%.
Hilal Cement headed the winners with 17.06%, while Ream Real Estate Co. was the top loser with 12%.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 9.25 million, the stock closed at 779 fils.
Aayan Leasing, up 3.45%, was the most active stock on which 42.44 million shares were exchanged.
