By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait opened Wednesday’s trading session with a massive drop after the All-Share Market index shed 0.11%, while the Main and Premier markets fell 0.08% and 0.13%, respectively.
Wednesday’s drop is expected due to profit-taking deals after the growth in the stock market since the beginning of 2019, capital market analyst Murad Al Damghi told Mubasher.
By 9:50 am Kuwait time, the oil and gas sector led losers with 1.93%, while the financial services sector topped risers with 0.34%.
First Takaful Insurance’s stock was the worst performer after shedding 9.64%, while the stock of Umm Al Qaiwain General Investment was the best performer with 11.3%.
Boursa Kuwait’s trading activities reached 76 million shares exchanged through 1,660 transactions at a turnover of KWD 6 million.
Ahli United Bank’s (AUB) – Bahrain stock, which dipped 0.47%, generated the highest liquidity with KWD 1.16 million, while Aayan Leasing and Investment’s stock, up 2.62%, led the bourse in terms of traded volume with 17 million shares.
Translated by: Mohammad Hesham Azab
