Mubasher: The indices of Boursa Kuwait rose collectively for the third consecutive session at the end of Monday's trading session, supported by optimism about the global economy and its positive impact on the regional markets.
Kuwait’s All-Share Market Index leapt added 0.18% or 10.57 points by end of the session to close at 5842.7 points. Similarly, the Main Market Index and the Premier Market Index rose by 0.05% and 0.23%, respectively.
Boursa Kuwait was the pioneer among the GCC stock markets during the first half of 2019, registering a positive performance that would push the All-Share Market index to rise in July, capital market analyst Ali Al Salami told Mubasher.
The period of the semi-annual financial disclosures is expected to reflect positively on Boursa Kuwait, namely on the All-Share Market index, and the blue chips, in addition to the operating stocks of the Premier Market, following the latest upgrade of the stock market, the analyst added.
Six sectors edged up today, led by the oil and gas which went up 1.1%; meanwhile, the technology sector led five decliners with a fall of 9.12%.
Ream Real Estate Co came at the top of the winners list as it jumped 10%, while Umm Al Qaiwain General Investment Co led the losers with 26.2%.
On Monday, Boursa Kuwait has seen a jump of 48.4% in liquidity to KWD 35.78 million versus KWD 24.11 million in the previous session. On the other side, the trading volume declined by 25% to reach 117.01 million shares versus 156.06 million on Sunday session.
It is worth to mention that Kuwait Finance House (KFH) was the most active stock with a value of KWD 8.14 million, the stock went up 0.84%representing 0.84% increase. Also, the National Bank of Kuwait (NBK) was the most active stock, in terms of the trading volume, recording 13 million shares, the stock closed 1.82% down.
