By Mohamed Farouk
Kuwait – Mubasher: Kuwait Stock Exchange (KSE) indices wrapped up Thursday’s trading on a bullish note.
The price index rose by 0.48% or 27.3 points to close at 5,725.41 points, while the weighted index gained 0.75% or 2.9 points to 390.84 points. KSX-15 index also added 0.83% or 7.7 points to 933.99 points.
Thursday’s traded value rose by 5.3% to KWD 11.12 million ($36.51 million), compared with KWD 10.56 million ($34.67 million) on Wednesday.
Meanwhile, traded volume decreased by 15.9% to 115.19 million shares from 136.9 million shares. The number of transactions went down to 2,835 from 2,962.
A break above the 5,755 level will take the price index higher towards 5,815 and 5,906 levels, said technical analyst Nawaf Alawn.
The telecom sector was the best performer with 3.82% growth, while insurance was the biggest drag with a fall of 0.22%.
Tracking stock performance, Privatization Holding topped the list of advancers with a jump of 10%, while KAMCO led losers with a fall of 10.53%.
Meanwhile, Investors stock was the top active with a traded volume reaching 11.53 million shares. Zain recorded the biggest turnover of KWD 1.86 million.
Translated by Sayed Abdel Rahman
