By: Mohamed Farouk
Kuwait-Mubasher: Kuwait Stock Exchange (KSE) saw a negative performance in Monday’s early trades after its indexes fell collectively.
The price index declined 0.33% or 17.42 points to reach 5,271.29 points by 9:45am Kuwait time.
The weighted index fell 0.4% or 1.5 points to reach 365.05 points, while KSX 15 index lost 0.41% or 3.52 points to reach 865.32 points.
The price index sees resistance at 5,281 points, technical analyst Nawaf Al Awn said, adding that breaking above that level will lead the index to rise to 5,297 points and 5,325 points, respectively.
The support level stands at 5,266 points, yet moving below that level will push the index down to 5,244 and 5,216 points in a row.
The main support levels are seen at 5,280 and 5,265 points in a row, technical analyst Faisal Boushahri told Mubasher.
The market is good for speculations, but investors should monitor oil prices, Boushahri noted.
The market saw trading of 42.63 million shares through 1,046 transactions, with turnover of KWD 2.34 million.
Al Deera Holding topped gainers with 8.47% growth, while Gulf Cable and Electrical Industries led losers after falling 7.04%.
International Financial Advisors was the most active company after trading 2.9 million shares. Meanwhile, Zima Holding was the value leader after generating KWD 188,000.
