KSE closes stronger amid higher liquidity

 

Kuwait – Mubasher: The Kuwait Stock Exchange (KSE) finished Wednesday in the green territory, amid higher liquidity levels.

The market index price gained 7.65 points, or 0.14%, to reach 5470.8 points.

Likewise, the market index weight and the Kuwait 15 also rose by 0.38% and 0.6%, respectively.

Market liquidity increased by 166% session-on-session to KWD 9.79 million from KWD 3.68 million.

Similarly, trading volume reached 62.6 million shares, higher 62.6% from 36.83 million registered on Tuesday.

Most sectors saw a rise today led by the telecommunications (+0.75%) as HITS and Viva moved up by 1.3% and 1.1% correspondingly.

The banking sector also registered a 0.44% rise, backed by Kuwait Finance House (+3.33%) that was placed the second active stock in terms of value and volume.

On the flipside, only two sectors fell in the red zone, which are the financial services and the consumer goods that slid by 0.08%.

Manazel headed the top advancers after increasing by 10% to 27.5 fils.

NBK was the most active stocks in terms of value after registering a total of KWD 2.4 million roughly through 4 million shares traded at 600 fils each.

Mubasher Contribution Time: 03-Aug-2016 11:30 (GMT)
Mubasher Last Update Time: 03-Aug-2016 11:30 (GMT)