Kuwait’s stock market opens in red zone

Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) retreated 0.09% or 4.8 points to settle at 5,619.89 points on Wednesday morning.

By 9:30 am Kuwait time, the weighted index levelled down 0.06% or 0.24 points to approach 380.17 points. Similarly, the Kuwait-15 index fell 0.07% or 0.61 points to reach 899.55 points.

The price index has support at 5,618 points, while its resistance levels are at 5625, 5633, and 5660 points respectively, said capital market analyst Faisal Boushahri.

Turnover stood at KWD 1.11 million, after 10.73 million shares were traded through 331 transactions.

After it gained 3.2%, National Petroleum Services (Napesco) was the number one player, while Hayat Communications that sagged 5.3% became the main loser.

GFH saw the largest traded volume after 1.54 million shares were exchanged through 37 deals, with a value of about KWD 54,650. The stock dropped 1.4%.

Educational Holding Group was the heaviest traded stock by turnover of about KWD 210,000 that was generated from a million shares. The stock settled at 210 fils.

MUBASHER Contribution Time: 23-Dec-2015 06:32 (GMT)