By: Mahmoud Gamal
Mubasher: The indices of Boursa Kuwait opened Monday's trading session in positive territory, supported by the decision of joining the FTSE Russell index for emerging markets.
The All-Share, Main, and Premier markets grew by 0.22%, 0.04%, and 0.34%, respectively.
By 9:11 am Kuwait time, Boursa Kuwait’s turnover amounted to KWD 2.32 million after the trading volume stood at 12.215 million shares traded through 486 transactions.
The rise of the market’s indices was attributed to selective buying on some blue-chip stocks, technical analyst Ibrahim Al Felkawy told Mubasher.
The Premier Market Index is expected to rebound to 5,350 points, which represents a “crucial” point for the index, Al Felkawy added.
In case the index hits below this support level, the index will target 5,275 points and 5,225 points, Al Felkawy noted.
National Bank of Kuwait’s (NBK) led the bourse in terms of liquidity with KWD 564,500, while Ahli United Bank’s (AUB) spearheaded the market in terms of trading volume with 2.34 million shares.
Translated by: Kholoud Mohamed Hussein
