Kuwaiti bourse’s indices head for mixed open

Kuwait-Mubasher: The benchmark index of Kuwait’s stock market lost 0.1% or 5.35 points to settle at 5,279.02 points at 9:30 am Kuwait time on Tuesday.

The weighted index edged down by 0.01% or 0.05 points to reach 362.21 points, while the KSX 15 index gained 0.12% or 1.05 points to 854.78 points.

Kuwait Stock Exchange’s price index may reach a key level at 5,300 points if it managed to break the resistance at 5,291 points, said technical analyst Nawaf Al-Oun.

The market’s trading value stood at KWD 5.8 million, after 74 million shares were exchanged with a total of 1,390 transactions.

Al Arabiya Real Estate was the top winner by a growth of 6.9%, while KAMCO led the losers by a 9% decline.

Al Mal Investment was the most active as 10.42 million shares were traded with a value of nearly KWD 383,700. However, the stock fell by 3.95%.

KFH recorded the highest turnover that reached KWD 2.35 million, as 4.85 million shares were exchanged. The stock settled at 485 fils. 

MUBASHER Contribution Time: 12-Apr-2016 07:28 (GMT)
MUBASHER Last Update Time: 12-Apr-2016 07:45 (GMT)