By: Mohamed Farouk
Kuwait – Mubasher: The price index of Kuwait Stock Exchange (KSE) ended Wednesday’s session with a fall of 0.08% or 4.18 points to the level of 5,363.1 points.
Meanwhile, the weighted and the Kuwait-15 indices rose 0.35% and 0.60% respectively.
technical analyst Bader Nasser Al-Otaibi.
Technical analyst, Bader Nasser Al-Otaibi, suggested that the volatility in KSE is normal and expected it to end after disclosure period.
Al-Otaibi also expected the bourse to rise on Thursday.
Turnover decreased 24.4% to KWD 11.07 million from KWD14.65 million on Tuesday, while trading volume increased 44.2% to 129.16 million share from 89.56 million shares exchanged yesterday.
The technology was the best performing sector after adding 2.08%, followed by the telecom with a growth of 1.8%.
On the other hand, the health care sector was the worst performer after falling 1.6%, followed by financial services with a decline of 0.66%.
Flex Resorts and Real Estate topped losers after falling 12.12%, while Kuwait Cable Vision headed gainers by rising 10.9%.
Hits Telecom Holding was the most-traded stock with a volume of 14.66 million shares exchanged at KWD 513,200, dropping 1.41%.
NBK made the highest liquidity of KWD 1.45 million through exchanging 2.26 million shares. The stock gained 1.56% to 650 fils.
The price index rose yesterday by 0.6%, while the weighted and the Kuwait-15 declined by 0.13% and 0.35% respectively.
Translated by: Elwy el-Manzalawy
