Kuwait – Mubasher: Kuwait Stock Exchange’s (KSE) indices closed Tuesday in red for the second consecutive day, as the Price Index fell 0.53% or about 31 points to 5,752.75 points.
Meanwhile, the Weighted Index closed at 391.57 points after declining 0.15%, and KSX-15 plummeted by 0.04% or around 0.4 point to 925.22 points.
Trading value rose today by as much as 127.1% to about KWD 19.94, compared to KWD 8.78 million yesterday. Trading volume reached 144.87 million shares, with an increase of about 71.9% compared to 84.28 shares traded yesterday.
The number of trades hit 3,577, versus 2,435 trades on Monday.
Analysts agreed that the recent drop by MSM and other gulf markets was a result of falling oil prices.
The healthcare sector topped the risers with a growth of 1.5%, while the telecom sector led the losers with a 1.42% decrease.
Kuwait Cable Vision was the strongest share after advancing 10%, while Amar Finance and Leasing Company was the weakest after shrinking 7.69%.
Investors Holding Group’s trading volume reached about 15.24 million shares exchanged through 143 trades, with turnover of KWD 414,300. The stock lost 3.5%.
Whereas Commercial Bank of Kuwait hit the largest turnover with a value of KWD 2.63 million reached through 16 trades on 5.25 million shares.
