KSE closes in red despite higher liquidity

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) retreated 0.08% or 4.7 points to 5,619.98 points on Wednesday.

The weighted index gained 0.15% or 0.6 points to settle at 380.98 points. Also, the Kuwait-15 index rose by 0.26% or 2.4 points to reach 902.52 points.

Today’s turnover rose by 4% to KWD 8.94 million, after 89.22 million shares were exchanged through 2,680 deals.

The insurance sector topped the gainers by adding 1.19%, while health care sector led the decliners as it decreased 1.07%.

GFH topped the winners with 7% growth, as it was the most active stock after 15.9 million shares were exchanged through 262 transactions, with a value worth about KWD 592,500.

Burgan for Well Drilling headed the losers by with a decline of 7.6%.

Viva settled at KWD 1 after about 580,200 shares were traded with a value of about KWD 578,000.

On a separate note, STC’s acquisition price for Viva’s shares was seen as ‘unfair’ as it should reach KWD 1.45, according to capital market analyst Bader Al-Otaibi.

NBK recorded the highest trading value of KWD 2.01 million, after 29 transactions were executed through 2.5 million shares. The stock settled at 800 fils.

MUBASHER Contribution Time: 23-Dec-2015 10:15 (GMT)