By: Mohammad Farouk
Mubasher: The Boursa Kuwait’s indices closed Tuesday on a mixed note, as liquidity declined by 48.7% and trading volume dropped 39%.
The All-Share Market and Premier Market indices grew by 0.1% and 0.15%, respectively. The Main Market index inched down 0.06%.
Trading volume reached 122.43 million shares, while turnover amounted to KWD 32.21 million.
The Boursa Kuwait has stabilised after a purchasing trend during the last three sessions, as investors absorbed the shock followed the attacks against Saudi oil facilities, vice president of investment research at KAMCO, Raed Diab, told Mubasher.
The market’s outlook is positive, however, the geopolitical tensions will have the last word in determining performance in the coming period, the analyst added.
A group of six sectors went up, topped by the consumer goods sector which added 1.67%, while four sectors declined, led by the oil and gas sector which sank 2.05%.
Translated by: Muhammad Abdul-Wakeel
