Kuwait – Mubasher: The Kuwait Stock Exchange’s (KSE) indices ended Thursday in the red, as the price index shed 0.19% or 10.21 points to 5,364.57 points, while the weighted and Kuwait-15 indices were down 0.39% and 0.74%, respectively.
Turnover surged by 88.8% to KWD 12.35 million ($40.93 million) from KWD 6.54 million ($21.67 million) on Wednesday, while traded volume increased 2.8% to 70.3 million shares against 68.54 million the day before.
Five of KSE’s sectors were down, led by banks which fell by almost 1%, weighed down by 8 stocks led by Commercial Bank of Kuwait (CBK) and National Bank of Kuwait (NBK), which dropped 4.6% and 1.7%, respectively.
The financial services sector retreated 4.37% as most of its stocks were down, led by Gulf North Africa Holding and Noor Financial Investment, which lost 4.41% and 3.7%, respectively.
The real estate sector shed 0.7% on the back of Marakez, Al Aqaria and Sanam.
On the other hand, six sectors were in the green, led by the technology sector, which added nearly 2%.
Kuwait Cable Vision topped risers on Thursday, surging 11.1% to close at 25 fils, while Zima Holding was the most active in terms of traded volume, which reached 20 million shares, exchanged at a turnover of KWD 955,700. The stock fell 5.15%.
NBK recorded the highest turnover of KWD 3.64 million after 6.14 million shares changed hands.
