Kuwait – Mubasher: Kuwait Stock Exchange’s (KSE) saw a mixed performance by its indices, as the Price Index declined 0.53% or 30.8 points to 5,752.94 points, and the weighted index moved down 0.15% or about 0.6 points to 391.57 points in early trade.
KSX-15 Index, however, rose 0.44% or 4 points, reaching the level of 929.67 points.
Trading volume reached about 38.43 million shares through 905 trades worth about KWD 5.25 million.
Capital market expert Ibrahim Al-Failakawi attributed the benchmark index’s fall to a number of factors, including the sharp drop in oil prices which reached the lowest rates in nearly seven years, and the value-added tax issued yesterday.
Flex Resorts and Real Estate was the best performer in early trading with about a 5.5% increase, while Amar for Finance and Leasing was the lowest with about a decrease of 7.7%.
With about 3.41 million shares exchanged, Investors Holding Group made the biggest trading volume after 24 trades were closed at turnover of KWD 95,600. The stock dropped 1.75%.
Whereas, Kuwait Finance House stock led trading values at KWD 1.26 million and rose 1.8%. Trading volume stood at 2.22 million shares changed hands through 33 deals.
