By: Mahmoud Gamal
Kuwait – Mubasher: The price index of Boursa Kuwait continued its positive performance on Wednesday after rising by 0.80% or 50.65 points to end the session at 6,351.77 points.
Both the weighted and Kuwait-15 indices retreated by 0.29% and 0.88% respectively.
The benchmark index was supported by cheap stocks and some of the blue chips which are included in both the banks and real estate sectors, technical analyst Hammoud Al-Shimmery said.
Blue chips are expected to push the main index in the coming sessions to 6,500 and 6700 points respectively, Al-Shimmery said.
Liquidity shrank to KWD 56.28 million, while trading volume increased to 839.12 million shares.
The real estate sector topped the gainers with 0.5% on the back of Abyaar and Mena which gained 7.14% each.
Meanwhile, the consumer goods segment was the only decliner with a fall of 1.7%.
