By: Mohamed Farouk
Mubasher: Boursa Kuwait registered a negative performance at the end of Wednesday's trading session, as the Premier and the All-Share indices dropped by 0.39%, each, while the Main and the BK Main 50 markets slid by 0.37% and 0.35%, in that order.
Liquidity soared by 24.9% to stand at KWD 41.7 million when compared to KWD 33.4 million in the previous session. Trading volume increased by 24.4% to 237.21 million shares from 190.65 million on Tuesday.
The consumer goods segment led eight losers with 1.3%, whereas the insurance and the consumer services sectors grew by 0.63% and 0.75%, respectively.
Burgan Company for Well Drilling, Trading, and Maintenance was the top decliner with 18.85%, whereas Gulf Link Transport Company (KGL) was the top gainer with 19.5%.
Kuwait Finance House's (KFH) stock, down by 0.87%, achieved the highest turnover of KWD 9.75 million, while the stock of KGL Logistics, up by19.09%, led the trading activity through the exchange of 33.72 million shares.
Boursa Kuwait is still pressured for the second day in a row on lower leading stocks, vice president, investment strategy and research at Kamco Invest, Raed Diab, told Mubasher.
Like other markets, Kuwait's stock market is no exception as concerns still prevail on the economic impact of the China coronavirus on the global ecnomic growth, he added.
