By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Monday’s trading session with a mixed performance for the third consecutive session.
The benchmark price index edged down 0.12% or 7.7 points to close at 6,624.26 points.
Meanwhile, both the weighted and Kuwait-15 indices added 0.22% and 0.4%, respectively.
The ongoing mixed performance in Boursa Kuwait will not end until the market segmentation takes effect in early April, capital market analyst Badar Al Bader told Mubasher.
It is unfair for the price index to be evaluated on a technical level in the current time, the analyst added.
The financial services segment topped five gainers with 0.4% in line with the 16.7% increase of Tahssilat.
Meanwhile, oil and gas companies led four decliners with 1.7%, dragged by Napesco and PetroGulf which lost 3.7% and 0.8%, respectively.
Mena Real Estate was the top winner with 1.7%, while Gulf Franchising Holding and Kuwait Cable headed the losers with a fall of 20% each.
Boursa Kuwait’s trading value increased by 4.8% to KWD 9.71 million on Monday compared to KWD 9.27 million in the previous session after the trading volume shrank by 14.8% to 34.42 million shares from 39.52 million.
The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 2.23 million. The stock added 0.51%.
Kuwait Finance House (KFH) was the most active stock on which 3.25 million shares were traded. The stock went up 0.51%.
