KSE closes in red zone amid low liquidity

Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) declined 1.95% or 98.94 points to close at 4,985.27 points on Wednesday.

The weighted index fell by 2.25% or 7.7 points to settle at 334.60 points. The Kuwait-15 dropped 2.55% or 20.33 points to 776.76 points.

KSE’s liquidity lost 19.2% to reach KWD 13.56 million, as trading volume decreased by 48.6% to 93.02 million shares.

The financial services sector led the decliners by 2.75%.Banks lost 2.72% as the sector was dragged by 10 declining instruments including Ithmaar Bank.

Also, the real estate sector retreated by 2.58%, in line with Al Dar National that plunged by 12.2%.

Meanwhile, the health care was the only sector in the green zone as it grew by 0.81%.

Ekttitab Holding was the top winner by adding 9.8% to settle at 28 fils, while Educational Holding led the losers with a 13.16% decrease to close at 198 fils.

Al Dar National Real Estate was the most active stock as 7.63 million shares were exchanged. NBK recorded the highest turnover of more than KWD 3 million.

MUBASHER Contribution Time: 20-Jan-2016 09:55 (GMT)