Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) lost 0.79% or 44.6 points to close at 5,583.81 points on Tuesday.
The weighted index also dropped 0.27% or 1.03 points to reach 379.34 points, and KSX-15 index retreated 0.24% or 2.2 points to close at 895.6 points.
The market saw a negative performance in late trading today, especially after the Saudi stock market opened with steep declines, which triggered psychological pressures that prompted investorsto sell shares, said technical analyst Nawaf Al-Oun.
Saudi market plunged in Tuesday’s early trading, after the kingdom announced yesterday registering SAR 367 billion budget deficit in 2015, and an expected deficit in 2016.
Today’s turnover declined 2.2% to KWD 9.17 million, while trading volume rose 5.3% to 119.74 million shares that were exchanged through 2,752 transactions.
KSE’s insurance sector topped the gainers by 1.12%, while the technology sector led decliners by 3.26%.
Al-Masaken International stock was the top winner by 8.16%, while Kout Food led the losers by 3.26%.
GFH was the most active stock with a traded volume reaching 38.2 million shares, while NBK recorded the highest liquidity of KWD 1.8 million.
