Kuwait Stock Exchange opens mixed

Kuwait-Mubasher: The price index of Kuwait’s stock market started Sunday’s session with a rise of 0.38% or 20.67 points to settle at 5,393.84 points by 9:45 am Kuwait time.

Meanwhile, both the weighted and KSX 15 indices levelled down 0.23% and 0.50% respectively.

KSE’s liquidity stood at about KWD 2 million, as trading volume reached 24.32 million shares that were traded through 520 transactions.

KSE’s benchmark index is moving sideways between 5,360 points as support and 5,425 points as resistance, said technical analyst Ibrahim Al-Filkway.

The industrial sector topped the gainers by adding 1.09%, backed by Humansoft which rose 9.4% to top the winners.

The basic materials sector headed the decliners with a 0.68% loss, dragged by Boubyan Petrochemical which retreated 1.9%.

Commercial Facilities led the losers by falling 5.26% or 10 fils to settle at 180 fils.

Abyaar Real Estate Development was the most active as 10.49 million shares were exchanged, with liquidity worth about KWD 273,500. The stock gained 6%.

Kuwait Projects recorded the highest liquidity which stood at around KWD 490,500 as trading volume reached about 908,350 shares. The stock settled at 540 fils. 

MUBASHER Contribution Time: 08-May-2016 07:29 (GMT)
MUBASHER Last Update Time: 08-May-2016 07:49 (GMT)