By: Mahmoud Gamal
Kuwait – Mubasher: The indices of Kuwait Stock Exchange (KSE) ended Tuesday’s trading session in the green zone on the back of heavy purchasing of blue chips and popular shares, analysts told Mubasher.
The benchmark index levelled up by 0.6% or 34.63 points to close at 5,671.62 points, the weighted and Kuwait-15 indices gained 0.44% and 0.50% respectively.
As some of the stocks reached attractive levels for purchasing and rapid speculations as well as the growing oil prices, some of the market’s portfolios saw heavy purchases of new positions, capital market analyst Nawwaf Al-Ajami said.
The real estate segment topped the gainers with a rise of 1.27%, on the back of Sukuk and Munshaat which levelled up by 7.25% and 7.2% respectively.
KSE’s liquidity shrank to KWD 14.26 million, as trading volume decreased to 201.17 million shares.
Some investors are expected to perform profits taking by the end of this week, the analyst said, adding that some blue chips remain at good levels for a medium-term investment.
Translated by: Ingy ElSafy
