Kuwait-Mubasher: The price index of Kuwait Stock Exchange gained 1.82% or 92 points to end February at 5,207.39 points as compared to 5,114.52 points in January.
The weighted index grew 1.37% or 4.85 points to reach 358.28 points from 353.43 by the end of January.
KSX 15 index ended at 841.02 points, 1.35% higher from 829.8 points.
During the month, liquidity declined by 20.2% to KWD 225.17 million after trading volume increased by 2.6% to 2.77 million shares were exchanged through around 67,540 deals.
The market cap gained 1.4% or KWD 340 million to reach KWD 24.56 billion ($81.6 billion) as compared to KWD 24.22 billion ($80.47 billion).
As long as the benchmark index remains at 5,100 points, it will continue to head north, said technical analyst Nawaf Al-Oun.
He added that breaking below 5,030 points will be a ‘very bad signal’ as the index may be dragged to test a record low of 4,911 points.
Seventy seven out of 190 companies have announced their financial statements, with a total profit value of KWD 1.316 billion as compared to KWD 1.235 billion achieved by 88 companies in the same period of 2014, a rise of 6.6%.
