By: Mohamed Farouk
Mubasher: The Kuwaiti indices closed Sunday’s trading session in the green zone, as the All-Share Market inched up by 0.66% after earning 40.66 points, closing at 6,155.9 points ahead of Boursa Kuwait’s upgrade on the MSCI index.
The Main Market and Premier Market indices added 0.12% and 0.85%, respectively.
The bourse saw a 21.5% higher liquidity which stood at KWD 49.71 million when compared to KWD 40.9 million on Thursday.
The trading volume increased by 26.9%, reaching 203.4 million shares from 160.25 million.
The banks group led the gainers with 0.85%, whereas the consumer goods group was the top decliner with 3.07%.
Kuwait Syrian Holding topped the risers with 20.62%, whereas Tijara and Real Estate Investment came on top of the fallers with 14.71%.
Kuwait Finance House (KFH), up 0.88%, logged the highest turnover of KWD 11.17 million, while Ahli United Bank – Bahrain (AUB Bahrain), up 3.34%, led the trading activity through the exchange of 29.44 million shares.
The banks segment and the Premier Market have backed Boursa Kuwait’s positive performance on Sunday, capital market analyst, Yacoub Al Mashaan, told Mubasher.
The banks sector gained 69% of the bourse’s turnover, and is likely to continue moving up, he expected.
The All-Share Index exceeded the important resistance level of 6,150 points and is currently facing the two main resistance levels of 6,172 points and 6,195 points.
The index will then break through the level of 6,200 points and is forecast to exceed it before the end of the week, the analyst added.
