Kuwaiti bourse ends session in red

Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) retreated 0.17% or 12.43 points to end Tuesday’s session at 5,351.8 points, and similarly, both the weighted and KSX 15 indices levelled down 0.17% and 0.48% respectively.

Today’s liquidity shrank by 29.6% to KWD 9.22 million, as trading volume decreased by 8% to 106.34 million shares.

KSE’s index succeeded to reach the support level of 5,336 points, technical analyst Nawaf Al-Oun said, assuming a rebound will follow on Wednesday.

The health care sector prevailed after gaining 0.74%, while the technology sector was the biggest disappointment as it fell 4.18%.

Kuwait National Cinema was the top winner after rising 9.26%, while Shuaiba Industrial headed the losers with an 8.77% decline.

Gulf Petroleum Investment was the most active as 21.6 million shares were traded with a value of about KWD 936,000. The stock rose by 1.19%.

NBK recorded the highest liquidity which stood at KWD 1.1 million as 1.7 million shares were exchanged. The stock settled at 670 fils. 

MUBASHER Contribution Time: 10-May-2016 11:47 (GMT)
MUBASHER Last Update Time: 10-May-2016 12:22 (GMT)