By: Mohammad Farouk
Mubasher: The Boursa Kuwait’s indices showed mixed performance during Tuesday’s session, as the Main Market and Premier Market indices declined by 0.14% and 0.22%, respectively, while the All-Share Market index added 0.1%.
Trading volume went down to 86.64 million shares, while liquidity dropped to KWD 12.86 million which is its lowest level in five months.
The Kuwaiti stock market has seen weak tradings due to position building, in spite of the market’s strength and the diminishing of the geopolitical tensions’ impact, vice president of investment research at KAMCO Raed Diab told Mubasher.
Owing to profit-taking, the performance of Boursa Kuwait was the weakest in the GCC during September, he added.
Diab noted that blue chips are still attractive, after reporting positive financial statements in the first half of 2019.
Boursa Kuwait is awaiting new incentives, including companies’ disclosures for the third quarter, the analyst concluded.
A group of 46 sectors declined on Tuesday, including the real estate sector which shed 1.36%, while 5 sectors increased, including the consumer service which inched up 0.09%.
Translated by: Muhammad Abdul-Wakeel
