Kuwait – Mubasher: Kuwait Stock Exchange’s (KSE) indices rose collectively in early trade on Thursday, as the Price Index rose by 0.1% or about 5.64 points to 5,703.74 points, while the weighted index surged by 0.06% or around 0.22 points to 388.14 points.
Also, Kuwait-15 Index increased by 0.05% or about 0.43 points, reaching the level of 926.69 points.
“The resistance level targeted by the KSE’s main index is 5712 points, while exceeding it, would push the index to the levels of 5732 and 5755 points, from which the index could bounce back up,” technical analyst Nawaf Al-Oun.
“The current support level is 5,691 points and breaking it would lead the index to the supports of 5,673 and 5,657 points,” he explained.
Morning trading volume came to about 28.2 million shares changed hands through executing 665 trades worth KWD 2.63 million.
Yiaco Medical led the gainers with a rise of about 7.5%, while Al Masaken International Real Estate Development topped the losers with a fall of around 5.9%.
Investors Holding Group owned the highest trading volume activity with about 5.92 million shares, while Mezzan Holding had the best trading value with a liquidity of KWD about 772,100 or KWD 1.06 per share.
