Kuwait’s stock market ends week in red zone

Kuwait-Mubasher: The Kuwaiti bourse ended the first week of 2016 in the red zone, despite high liquidity.

The price index fell by 1.60% or 88.82 points to close at 5,475.15 points on Thursday; the weighted index retreated 1.42% or 5.35 points to reach 372.05 points; and Kuwait-15 index lost 1.57% or 14.02 points to close at 876.45 points.

Turnover increased to KWD 17.93 million as compared to KWD 6.66 million, after trading volume gained 30% to reach 122.9 million shares.

The financial services sector led the decliners by 2.44%, followed by consumer goods and banks which fell by 2.31% and 1.47% respectively.

Technology and insurance sectors rose by 0.59% and 0.39% respectively.

Al Massaleh Real Estate topped the winners by 8.93%, while Mayadeen led the losers by 9.30%.

KFH recorded the highest turnover of over KWD 4.6 million that was generated by 9.11 million shares.

GFH was the most active stock on which 14.23 million shares were traded with a value worth about KWD 588,900.

 

MUBASHER Contribution Time: 07-Jan-2016 10:32 (GMT)