Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) fell by 0.40% or 23.23 points to close at 5729.52 points on Wednesday.
Also, the weighted index lost 0.15% or 0.57 points to settle at 388.96 points. The Kuwait-15 index dropped 0.15% or 1.4 points to reach 923.82 points.
The oil and gas sector topped the gainers by adding 0.88%, while basic materials led the decliners with a loss of 1.8%.
Burgan Will Drilling topped the winners as it increased 6.67% to settle at 128 fils, while Kuwait Cable Vision was the top loser with a 9.09% decline to 25 fils.
The market witnessed a negative session on Wednesday due to the anticipation for listed companies to announce their third-quarter financial results, said capital market analyst Hamoud Al-Shimry.
It is worth noting that the period set for announcing Q3 financials is set to end 15 December.
Today’s turnover plunged 44% to KWD 11.19 million, after trading volume decreased 39.6% to 87.52 million shares which were traded through 2,343 transactions.
GFH was the most active stock as 17.39 million shares were exchanged through 171 transactions, with a value of about KWD 602,370. The stock retreated 2.8% to 34 fils.
NBK recorded the highest turnover of KWD 3.8 million, after 4.68 million shares were traded through 61 deals. The stock reached 810 fils.
On Thursday, the market is expected to see a volatile downward trend due to the unstable conditions in the Middle East, the analyst said, adding that the coming week may still be volatile.
