By: Mohamed Farouq
Kuwait – Mubasher: The Kuwait Stock Exchange’s (KSE) price index ended a four-day rising streak on Monday after falling 0.1% or 5.29 points to the level of 5,207.39 points.
Meanwhile, the weighted index increased 0.31% to 358.28 points, and the KSX 15 index edged up 0.16% or 1.35 points to 841.02 points.
Markets analyst Bader Nasser Al-Otaibi suggested that the KSE’s position is positive despite the mixed performance by its indices.
Al-Otaibi also expected the Kuwaiti bourse to rise in the upcoming days and reach the level of 5,315 points.
“The price index’s support levels are 5,197, 5,188 and 5,179 points, and the resistances are 5,216, 5,225 and 5,235 points,” he explained to Mubasher.
Turnover increased 38.7% to KWD 11.11 million from KWD 8.01 million on Sunday. Trading volume decreased 0.007% to 137.49 million shares from 137.5 million shares exchanged yesterday. The number of transactions also rose to 3,247 from 3,213.
Oil and gas was the worst performing sector as it slipped 0.65%, while telecom was the best after rising 1.72% and health care stood at the same level.
Al Safat Energy Holding led the red list by shrinking 10.53%, but Kuwait Real Estate Holding topped gainers by adding 10.26%.
Ithmaar Bank was the most active in terms of trading volume after 16.67 million shares were traded at KWD 504,100, with the stock dropping 3.17%. Meanwhile, Kuwait Finance House led in value with about KWD 1.5 million.The stock dipped 1%.
Translated by: Elwy el-Manzalawy
