Kuwaiti gauges suffer from early losses

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) declined by 0.11% or 5.9 points to settle at 5,245.23 points at 9:45 am on Monday.

The weighted index fell 0.23% or 0.84 points to approach 361.3 points. Also, the KSX 15 index levelled down 0.33% or 2.86 points to reach 852.34 points.

The market’s main index is having a support level at 5,235 points, and if it broke below which, it will target 5,220 and 5,207 points respectively, said technical analyst Nawaf Al-Oun.

Al-Oun noted that the resistance level is at 5,300 points.

KSE’s liquidity reached KWD 3.72 million, after 83.2 million shares were traded through 1,370 transactions.

Coast Investment and Development advanced the winners by a rise of 5.75%, while Kuwait Cable led the losers by a fall of 8.77%.

Boubyan International Industries Holding was the most active, as 13.24 million shares were traded with a value of KWD 406,000. The stock rose by 5.08%. 

MUBASHER Contribution Time: 11-Apr-2016 07:06 (GMT)
MUBASHER Last Update Time: 11-Apr-2016 08:38 (GMT)