Kuwait-Mubasher: The Kuwaiti bourse ended Tuesday in the red zone, the second losing session in a row.
The price index fell by 0.07% or 4.15 points to close at 5,564.15 points. The weighted index retreated 0.35% or 1.31 points to reach 377.13 points. The Kuwait-15 index, similarly, dropped 0.42% or 3.7 points to 888.89 points.
Most of the stock markets in the Gulf area ended Tuesday’s trading sessions in red, overshadowed by the tense environment between Saudi Arabia and Iran.
On the same note, the Kuwaiti foreign ministry has summoned its ambassador to Iran, following the assault on the Saudi embassy in Tehran, which also had the UAE downgrade its diplomatic relations with the Persian Gulf country.
On the positive front, KSE’s turnover today gained 36.5% to KWD 11.44 million despite that trading volume lost 16.6% to 93.72 million shares.
The technology sector topped the gainers by adding 0.69%, while the telecom sector headed the decliners as it decreased 0.61%.
Kuwait Cable was the top winner by a growth of 10%, while Kuwait Real Estate led the losers after declining 10.2%.
Al Dar National Real Estate was the most active stock as 24.4 million shares were exchanged, while NBK recorded the highest turnover of about KWD 2.5 million.
