Kuwait-Mubasher: The price index of Kuwait’s stock market grew 0.4% or 20.67 points to close at 2,251.11 points on Sunday, hitting its third successive rise.
The weighted index levelled up 0.3% or 1.1 points to 362.14 points. Also, the KSX 15 index rose by 0.27% or 2.33 points to 855.2 points.
Technical analyst Faisal Boushahri said the main index is nearing 5,255 points as expected, setting the weekly targets at 5275, 5281, and 5291 points respectively.
Today’s liquidity shrank by 17.5% to KWD 13.83 million, as trading volume decreased by 10% to 233.26 million shares.
The telecom sector dominated peers as it rose 1.57%, after Ooredoo grew 7.55% to rank the third among winners.
Meanwhile, the real estate sector retreated by 0.29%, dragged down by Sanam which fell by 5.8%.
National Investments, the day’s outperformer, added 9.6%, while Inovest led the losers after drifting 9.09% lower.
Investors Group was the most active as 20.21 million shares were traded with a value of about KWD 455,500. The stock rose by 2.27%.
Agility recorded the highest liquidity that reached KWD 1.14 million, after 2.44 million shares were exchanged through 48 transactions. However, the stock fell by 1.06%.
