KSE indices close Wednesday in red

Kuwait-Mubasher: The Kuwait Stock Exchange (KSE) saw a negative performance on Wednesday.

The price index fell 0.17% to reach 5,402.40 points.

Likewise, the weighted and Kuwait 15 indices slid 0.42% and 0.41% respectively.

Trading volume reached 74.72 million shares on Wednesday, compared to 75.69 million shares on Tuesday. Liquidity stood at KWD 8.06 million, compared to KWD 7.56 million.

The telecom sector topped losers after falling 1.78%, weighed down by Maridive and Oil Services which slid 6.6%. The consumer goods sector retreated 0.78% as Livestock Transport and Trading went down 4%, while the real estate sector lost 0.6% as Aayan Real Estate retreated 4.76%.

On the flipside, the financial services sector added 0.16% as Credit Rating and Collection Company (Tahssilat) and Asiya Capital Investments Co. went up 5.4% and 5% respectively.

The consumer services sector also advanced 0.07%, while the basic materials sector grew 0.03%.

Al Masaken International Real Estate Development was the top loser after declining 30.9% to 56 fils, while Amar for Finance and Leasing topped gainers after adding 10% to 55 fils.

Abyaar Real Estate Development Company, which sank 2.4%, was the most active stock after trading 16.4 million shares through 180 transactions, with a turnover of KWD 345,400.

Kuwait Finance House (KFH) was the value leader after generating KWD 2 million from the exchange of 4.2 million shares. The stock stabilised at 470 fils.

Mubasher Contribution Time: 28-Sep-2016 10:54 (GMT)
Mubasher Last Update Time: 28-Sep-2016 11:20 (GMT)