By Mohamed Farouk
Kuwait – Mubasher: Kuwait Stock Exchange (KSE) indices were mixed at the close of Sunday’s session, while trading activity fell to its lowest levels in three months.
The price index rose by 0.2% or 11.9 points to close at 5,806.49 points; thus soaring to its highest level in more than a month.
Meanwhile, the weighted index shed 0.22% or 0.9 point to close at 393.74 points and KSX 15 sagged 0.75% or 7 points to 936.53 points.
The main index shot above the psychological barrier of 5,800 points, which was tested more than once previously, said analyst Adnan Al-Dailami, adding that a break above such a mark would push the index towards higher targets.
Sunday’s turnover declined by 23.1% to KWD 8.24 million ($27.01 million) from KWD 10.71 million ($35.11 million) on Thursday.
Traded volume also fell by 24.5% to 96.75 million shares from 128.12 million shares.
Sector-wise, basic materials was the biggest gainer, with 1.77% growth, while technology led the red list with a decline of 2.78%.
Kout Food stock was the best performer, with a jump of 6.94%, while Automated Systems was the worst performer with a decline of 7.69%.
Petorgulf was the volume leader, upon exchanging 8.31 million shares, while Viva recorded the biggest liquidity reaching KWD 596,620.
