Kuwaiti bourse opens in red as oil pressures build up

Kuwait-Mubasher: The benchmark index of Kuwait’s stock market retreated 0.56% or 30 points to settle at 5,286.9 points at 9:45 am Kuwait time on Monday.

The weighted index fell by 0.74% or 2.71 points to reach 5,286.9 points. The KSX 15 edged down 0.9% or 7.8 points to 858.59 points.

The stock market is overshadowed by failure of oil producers to reach an agreement to freeze output, on Sunday in Doha, on one hand, and a chain of strikes hitting the Kuwaiti oil sector on another.

Liquidity stood at KWD 4 million after 49.8 million shares which were exchanged through 1,071 transactions.

Marakez topped the gainers by adding 6.38%, while Ikarus led the losers with a decline of 8.62%.

Kuwait Syrian Holding was the most active as 4.81 million shares were traded, with a value of 173,650. The stock dropped 2.67%.

NBK recorded the highest turnover that stood at around KWD 872,400 after 1.3 million shares were exchanged. The stock levelled down 1.5%.

Mubasher Contribution Time: 18-Apr-2016 07:28 (GMT)
Mubasher Last Update Time: 18-Apr-2016 08:35 (GMT)