KSE’s indices nosedive at close

Kuwait-Mubasher: The main index of Kuwait Stock Exchange (KSE) levelled down by 0.18% or 9.33 points to close at 5,275.04 points on Tuesday.

The weighted index retreated 0.25% to 361.35 points, and similarly, the KSX 15 index dropped 0.1% or 0.88 points to 852.85 points.

The benchmark is expected to have support levels at 5262, 5249, and 5237 points respectively, while the resistance is seen at 5287, 5300, and 5312 points respectively, technical analyst Bader Al-Otaibi said, noting that the target stands at 5,484 points.

KSE’s liquidity grew by 24% to KWD 18.06 million, as trading volume decreased by 9.9% to 251.74 million shares.

The real estate sector topped the gainers by adding 0.79%, backed by Al Aqaria and First Dubai which rose by 7.32% and 7.22% points respectively.

The telecom sector led the decliners after losing 1.18%, as Ooredoo fell by 7%.

Kuwait Cable dominated rivals as it ticked 7.7% up, while Mena Real Estate headed the losers with a decline of 10.2%.

Al Mal Investment was the most active as 22.45 million shares were exchanged, with a value of about KWD 814,530. However, the stock dropped 6.58%.

KFH recorded the highest turnover that reached KWD 3.02 million, as 6.21 million shares were traded. The stock settled at 485 fils. 

MUBASHER Contribution Time: 12-Apr-2016 11:19 (GMT)
MUBASHER Last Update Time: 12-Apr-2016 11:54 (GMT)