Kuwait’s stock market closes higher on rapid trading

Kuwait-Mubasher: The benchmark index of the Kuwaiti bourse inched up 0.51% or 28.7 points to close at 5,612.48 points on Wednesday, after the marketplace became a hive of activity.

The weighted index grew 0.66% or 2.5 points to reach 381.84 points, in line with Kuwait-15 index which gained 0.75% or 6.7 points to approach 902.3 points.

Hitting a week high, turnover grew 70% to KWD 15.59 million as trading volume soared 527% to 182.81 million shares that were exchanged through 3,030 transactions.

The market’s basic materials sector topped the gainers by adding 1.66%, while the technology sector led the decliners with a 0.37% decrease.

Kuwait Real Estate was the top winner by a rise of 9.5%, while Amar for Finance and Leasing headed the losers after dropping 8.9%.

GFH was the most active stock as 82.06 million shares were exchanged through 475 deals with a value worth KWD 3.32 million. The stock fell 2.5%.

United Foodstuff recorded the highest turnover of KWD 3.42 million, after 115 transactions were made on 1.71 million shares. The stock levelled up 3.1%. 

MUBASHER Contribution Time: 30-Dec-2015 10:08 (GMT)