By: Mohamad Farouk
Mubasher: The All-Share Market index closed Wednesday’s session 0.08% down, while the indices of both the Main and the Premier markets retreated 0.06% and 0.11%, respectively.
Boursa Kuwait has registered selective purchasing transactions on some of the blue chips, backed by the positive income statements for the first quarter of 2018, the deputy head of the investment research unit at KAMCO, Raed Diab, told Mubasher.
Traders may witness further gains in the coming period, however, it is not expected to post strong performance as Ramadan and summer holiday approach, Diab added.
Technology companies led six decliners with 3.71%, while the consumer services segment topped five gainers with 0.5%.
Osos led the losers with 10%, while Al Madar Finance topped the winners with 9.6%.
Boursa Kuwait’s turnover increased by 3% to KWD 11.85 million on Wednesday from KWD 11.5 million in the previous session after the trading volume grew by 24% to 77.56 million shares from 62.55 million.
Kuwait Finance House (KFH) recorded the highest trading value of KWD 1.62 million, the stock added 0.4%.
Manazel was the most active stock on which 9.14 million shares were exchanged, the stock went up 1.7%.
