Kuwait-Mubasher: Kuwaiti bourse’s benchmark index inched down 0.02% or 0.91 points to close at 5,632.69 points on Thursday.
The weighted index retreated 0.16% or 0.6 points to reach 381.4 points. Also, Kuwait-15 index erased mid-session gains and closed 0.17% or 1.5 points lower to 902.16 points.
Today’s turnover stood at KWD 8.22 million, as trading volume reached 79.41 million shares which were exchanged through 2,442 transactions.
Analysts, whose opinions were not unanimous today in light of the Fed’s interest hike, have prepared forecasts ranging between a possible slight rise based on stronger US and European indices on hope Gulf markets will follow suit, and those suggested a mixed performance with a bearish bias, as financial analyst Mahmoud Abu Zeid earlier told Mubasher, citing foreign portfolios would escape the local markets.
The oil and gas sector topped the gainers by adding 0.51%, while consumer goods sector led the losers as it decreased 1.33%. Kuwait Cable was the top winner by a growth of 11.11%, while Kuwait Real Estate led the losers with a decline of 8.89%.
GFH was the most active stock as 9.73 million shares were traded through 85 deals, with a value of about KWD 328,000. The stock rose 3%.
Zain stock recorded the highest turnover of KWD 1.11 million, after 65 transactions were entered into on 3.25 million shares. However, the stock fell 1.5%.
Edited by Pavly A. Makary
