Kuwaiti stocks open in red territory

Kuwait – Mubasher: The Kuwait Stock Exchange (KSE) kicked off Sunday’s trading in red, with its indices falling collectively.

The benchmark dropped 0.49% or 25.83 points to the level of 5,242.62 points, the weighted index declined 0.52% or 1.88 points to 357.09 points and the KSX 15 measure slid 0.78% or 6.52 points to 834.27 points.

Trading volume reached about 62 million shares which were exchanged at KWD 4.64 million ($15.36 million) through executing 1,275 transactions.

Al Safat Energy Holding was the best performing share with a rise of 11.11%, while Al Dar National Real Estate was the worst after falling 12.5%.

Al Safat Energy was the largest-traded stock with 12 million shares, while Agility Public Warehousing made the highest liquidity with KWD 1.2 million ($3.97 million).

Agility’s annual profits reached KWD 53.39 million ($176.77 million) in 2015, a growth of 5% from KWD 50.84 million ($168.33 million) in 2014, the company announced today.

The Kuwaiti indices closed Thursday with a mixed performance, as the price and weighted gauges rose 0.28% and 0.1% respectively, while KSX 15 dipped 0.09%.

Translated by: Elwy el-Manzalawy 

Mubasher Contribution Time: 27-Mar-2016 07:13 (GMT)