Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) ended Monday inching up 0.05% or 3.1 points to close at 5,703.16 points.
The weighted index rose 0.07% or 0.26 points to 392.68 points. Also, the Kuwiat-15 index gained 0.3% or 2.9 points to reach 943.27 points.
Today’s performance was very positive. Thus, the investor does not have to sell shares at low prices, said technical analyst Bader Al-Otaibi.
The market witnessed heavy purchase of shares that resulted in increasing stock prices of listed companies, following the announcement of financial statements, added the analyst.
AL-Otaibi expected Tuesday’s session to see an upward trend, as the support level is seen at 5,669 and 5,657 points respectively. The resistance level lies at 5727, 5752, and 5785 points respectively.
KSE’s turnover declined 18% to KWD 48.13 million, as trading volume grew 20.5% to 165.88 million shares that were traded through 4,191 transactions.
The telecom sector led the gainers by 1.37%, while the insurance sector headed the decliners by 1.09%.
KAMCO was the winner by a growth of 9.62%, while Manazel advanced the losers by a decline of 8.06%.
GFH was the most active stock, on which 16.81 million shares were traded through a liquidity of about KWD 593,110. The stock retreated 5.33%.
Zain recorded the highest turnover of KWD 1.75 million, after 83 deals were traded through 4.8 million shares. The stock settled at 365 points.
