Kuwaiti bourse closes mixed amid lower liquidity

Kuwait – Mubasher: The price index of Kuwait’s stock market inched down by 0.02% or 1.17 points to close at 5,460.73 points on Thursday.

Meanwhile, the weighted index rose by 0.2% or 0.7 points to 352.20 points, and Kuwait-15 index levelled up by 0.4% or 3 points to reach 818.46 points.

The market’s liquidity shrank by 29.1% to KWD 5.36 million as trading volume decreased by 17.5% to 56.82 million shares.

The insurance sector led seven decliners by 1.41%, dragged by First Takaful Insurance which retreated by 13.6%.

The telecom sector topped five gainers by 0.86%, followed by the real estate segment which gained 0.74%.

Al Salam was the most active stock on which 4.75 million shares were traded at a value of about KWD 224,700. The stock closed at 47.5 fils.

Kuwait Projects posted the highest liquidity that stood at about KWD 472,500 as nearly 84,800 shares were traded. The stock rose by 1.9% to 540 fils.

 

 

Mubasher Contribution Time: 28-Jul-2016 11:21 (GMT)
Mubasher Last Update Time: 28-Jul-2016 11:21 (GMT)