Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) edged up 0.59% or 31.15 points to end Wednesday’s session at 5,306.19 points, the highest level in three months.
KSE’s weighted index gained 0.86% or 3.1 points to reach 364.45 points. The KSX 15 rose by 1.06% or 9 points to 861.88 points.
The benchmark index has peaked again by breaking the level 5,290 points, said technical analyst Jarrah Al-Hindi.
The analyst expected the main index to gradually rise to 5,450 and 6,200 points, amid a support level at 5,200.
Liquidity decreased by 2.7% to KWD 17.58 million, as trading volume shrank by 1% to 249.15 million shares.
The services sector topped the gainers by 1.6%, backed by Al Deera which levelled up 7.25%.
The industrial sector headed the decliners by a fall of 0.45%, as Kuwait Packing dropped 8.77%.
Mena Real Estate was the top winner by rising 9.09% to 24 fils, while Amar for Finance and Leasing led the losers by 25% decline.
Abyaar Real Estate Development was the most as 18.78 million shares were exchanged with a value of about 482,000. The stock rose by 4.08% after it saw the most active trading in 11 months.
KFH recorded the highest liquidity which reached KWD 1.25 million, after 2.56 million shares were traded. The stock rose by 1.03% to 490 fils.
