By: Mohammad Farouk
Mubasher: The Boursa Kuwait’s indices declined at the end of Tuesday’s session, pushed down by profit-taking.
The All-Share Market, Main Market, and Premier Market indices went down by 0.6%, 0.15%, and 0.75%, respectively.
Seven sectors declined, led by materials which dropped 5.16%, while three sectors grew, topped by oil and gas which added 0.61%.
Foreign investment funds are still targeting Kuwaiti stocks set to join the MSCI Emerging Markets Index in December 2019, deputy head of the research department at KAMCO Raed Diab commented.
The Boursa Kuwait is expected to receive $3 billion foreign investments in the coming period directed to banks and blue chips, the analyst added.
On Tuesday, trading volume decreased to 203.76 million, while liquidity jumped to KWD 64.71 million.
Translated by: Muhammad Abdul-Wakeel
