KSE’s indices start session mixed
Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) levelled up 0.1% or 5.42 points to settle at 5,267.49 points at 9:50 am Kuwait time on Sunday.
Meanwhile, the weighted index dropped 0.83% or 3.01 points to 360.38 points. KSX 15 index retreated 1.41% or 12 points to 845.66 points.
If it rebounded, the benchmark index will target 5,266 points. A break above that resistance area today takes the index up to 5,290 and 5,325 points respectively, said technical analyst Nawaf Al-Oun.
He added that the current support level is 5,248 points which if broken below will fall to 5,216 and 5,180 points respectively.
Trading value stood at KWD 5.34 million as trading volume reached 75.51 million shares which were traded through 1,175 transactions.
Umm Al Qaiwain Cement Industries was the top winner by an 8.33% growth, while Ikarus Petroleum Industries led the losers by a 6.1% decline.
Al Dar National Real Estate was the most active as 20.4 million shares were traded with a value of about KWD 390,700. The stock rose by 2.63%.
NBK recorded the highest turnover which exceeded KWD 1.6 million with a trading volume of 2.3 million shares. However, the stock fell 5.41%.
