Mubasher: The Main Market index continued to decline on Tuesday for the fourth session in a row, edging down 0.3%, while the indices of both Premier Market and the All-Share Market added 0.3% and 0.09%, respectively.
The coming period is expected to register weak trading activity by the investors in line with the approach of Ramadan and the holidays season, the deputy head of the investment research department at KAMCO, Raed Diab, told Mubasher.
A positive outlook is still ongoing toward blue chips, namely those listed on the FTSE Emerging Markets, Diab said, adding that the income statements of the first quarter might be the only catalyst in the current time.
The consumer goods segment led seven decliners with 1.56%, while the financial services headed four gainers with 1.15%.
Al Massaleh Real Estate was the top loser with a decline of 14.17%, while Aayan Real Estate headed the winners with 10%.
Boursa Kuwait’s turnover increased by 14.6% to KWD 12.08 million on Tuesday compared to KWD 10.54 million in the previous session after the trading volume grew by 45.1% to 98.95 million shares from 68.19 million.
The National Bank of Kuwait (NBK) posted the highest liquidity of KWD 1.54 million. The stock added 0.82%.
Investors was the most active stock on which 25.82 million shares were exchanged.
