Oil sector backs KSE to close in green zone

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) continued to rise for the second day in a row, as it gained 0.48% or 26.11 points to end Wednesday’s session at 5,429.4 points.

The weighted index grew 0.09% or 3.223 points to 365.63 points, and Kuwait-15 index leveled up 0.03% or 0.28 points to 859.79 points.

Today’s turnover declined by 5.4% to KWD 12.18 million, as trading volume decreased by 6.5% to 140.44 million shares.

Oil and gas sector topped the gainers by a 2.88% growth, backed by Independent Petroleum Group and Napesco which leveled up by 8.06% and 7.46% respectively.

The consumer services as well as the financial services sector headed the decliners by 0.31% and 0.28% respectively.

Al Aqaria topped the winners by 11.63% increase, while Al Madar led the losers by 5.88% decline.

Sukuk was the most active stock on which 7.18 million shares were traded with a value worth about KWD 294,300. The stock rose by 2.5%.

Mabanee stock recorded the highest liquidity which approached KWD 809,000 after around 961,200. The stock settled at 850 fils.

Mubasher Contribution Time: 27-Apr-2016 11:09 (GMT)
Mubasher Last Update Time: 27-Apr-2016 11:09 (GMT)