Kuwait – Mubasher: The Kuwait Stock Exchange stayed in the red zone for the fourth consecutive session on Sunday, on pressures from falling oil prices and amid fears about the global economy slowdown.
The benchmark Price Index declined 1.03% or 56.6 point to 5,418.53 points, the Weighted Index dipped 1.44% or 5.35 points to 366.70 points and the Kuwait-15 Index moved down 1.7% or 15.09 points to 861.36 points.
Oil prices decreased for the fifth consecutive day on Friday, losing 10% on the past week.
During today’s session, trading volume retreated by 33.2% to 82.06 million shares, versus 122.9 million shares exchanged on Thursday.
Trading value also declined by 8.6% to KWD 16.39 million, against KWD 17.93 million on Thursday.
The basic materials sector topped the losers with a fall of 1.71%, followed by banking, technology and consumer goods which ended down 1.72%, 1.89% and 0.23% respectively.
Kuwait Finance House was the most active stock as 12.59 million shares were exchanged today at KWD 6.17 million.
The main index closed Thursday at the level of 5,475.15 points after declining 1.60% or 88.82 points.
