Kuwaiti bourse opens in green zone amid 5,633 pts resistance

Kuwait-Mubasher: The price index of Kuwait’s stock market inched up 0.09% or 5.2 points to settle at 5,633.58 points at 9:45 am Kuwait local time on Tuesday.

The weighted index grew 0.15% or 0.6 points to reach 380.93 points. Similarly, Kuwait-15 index gained 0.23% or 2.1 points to approach 899.86 points.

The benchmark index is facing a resistance at 5,633 points that would lead to 5,657 and 5,660 points in case it is exceeded, said technical analyst Nawaf Al-Oun.

He added that the support level is at 5,598 points which will target 5,567 and 5,510 points respectively if broken.

Turnover stood at KWD 1.82 million, after 515 transactions were exchanged by 25.6 million shares.

Arzan Financial Group for Financing and Investment was the top winner by a growth of 7.1%, while Tahssilat led the losers by 5.6%.

GFH was the most active stock on which 15.31 million shares were traded through 129 deals, with a liquidity worth about KWD 567.7; however, the stock retreated 2.6%.

 

 

MUBASHER Contribution Time: 29-Dec-2015 06:54 (GMT)