By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed the five-session week ended 25 April in decline, compared to the week before.
The All-Share Market index decreased by 100.4 points, or 1.73%, to 5,705.61 points, followed by the Premier and Main markets which fell 1.72%, or 107.4 points, to 6,137.36 points, and 87 points, or 1.75%, to 4,962.2 points, respectively.
The All-Share Market index has seen a profit-taking trend over the course of the week after hitting 5,830 points, which is a healthy indicator for its performance, capital market analyst Hassan Al Kandry told Mubasher.
The All-Share Market index is expected to hit 5,625 points, which is a major support level, Al Kandry added, noting that the index has resistance at 5,820 points.
On a weekly basis, the bourse’s trading volume tumbled 23.8% to 775.11 million shares, compared to 1.02 billion in the previous week, while liquidity slumped 34.1% to KWD 123.79 million, from KWD 187.89 million.
The number of transactions went down 21.6% to 30,220 deals this week, compared to 38,520 a week earlier.
Boursa Kuwait’s market capitalisation value decreased by KWD 580 million, or 1.7%, to KWD 32.81 million, from KWD 33.39 million.
Translated by: Mohammad Hesham Azab
