By: Mahmoud Gamal
Kuwait – Mubasher: The price index of Boursa Kuwait ended Sunday’s trading session with the highest level in 22 months after it grew by 3.2% or 206 points to close at 6,641.78 points in line with the rise of all segments.
The weighted index levelled up by 2.6% to reach 418.93 points, and Kuwait-15 index gained 2.65% to reach 969.86 points.
The Kuwaiti stock market revived as banks reinvesting the value resulted from the selling of Americana to Adeptio, capital market analyst Nayef Al-Anzi said.
He noted that the majority of the blue chips reached high levels amid expectations of better financial results.
The financial services segment topped the gainers with a rise of 5% on the back of Gulf Investment House which was the top winner with a rise of 9.8%.
The banks sector gained 3.9% in line with the rise of 10 shares topped by GBK, Burgan, and KFH.
Liquidity increased to KWD 94.27 million, while trading volume totalled 891.63 million shares; the most active trading since three years and a half.
Profit taking is expected to be seen on Monday, with the main index targeting the 7,000-point level, the analyst noted.
