KSE closes stronger; reporting season kicks into gear

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange gained 0.83% or 41.14 points to close at 5,010.39 points on Thursday.

The weighted index rose by 2.18% or 7.36 points to 344.87 points, and Kuwait-15 levelled 2.71% or 21.4 points up to 809.68 points.

Five local banks have announced their financials before the first month of 2016 ends, reflecting positively on the stock market, said capital market analyst Ahmed Jassem Al-Qamar.

Today’s liquidity surged 73.1% to KWD 18.99 million as trading volume gained 18.4% to 201.77 million shares.

The basic materials sector topped the gainers by adding 3.55%, while the insurance sector led the decliners by 0.91%.

Coast Investment and Development was the top winner with a 8.7% rise, while Burgan for Well Drilling led the losers as it declined 8.3%.

Al Dar National Real Estate was the most active stock as 33.95 million shares were exchanged. KFH recorded the highest turnover of KWD 6.7 million.

MUBASHER Contribution Time: 28-Jan-2016 10:31 (GMT)