Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) grew 0.32% or 18 points to settle at 5,601.81 points on Wednesday morning.
By 10 am Kuwait time, the weighted index gained 0.5% or 1.9 points to reach 381.23 points. Also, Kuwait-15 index levelled up 0.64% or 5.7 points to approach 901.32 points.
The bourse’s benchmark index is facing a resistance today at 5,594 points which, if hurdled, will lead to 5,657 points, a case regarded as unlikely according to technical analyst Nawaf Al-Oun.
Meanwhile, the support level is at 5,575 points, but if the bourse couldn’t maintain it, it will lead to 5,560 points. A drop further would leave the market aiming down at 5,500 and 5510 points respectively, added the analyst.
KSE’s trading volume reached 86.4 million shares that generated liquidity worth KWD 4.9 million through 1,125 transactions.
Yiaco Medical was the top winner by adding 7.7%, while Danah Al Safat Foodstuff led the losers with a 3.7% decrease.
GFH was the most active stock as 48.5 million shares were traded through 249 deals, with a turnover worth about KWD 2 million. The stock rose by 3.8%.
