Real estate, banks drag KSE into red zone

Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) retreated 0.48% or 25.5 points to reach 5,337.6 points by 11 am Kuwait time on Thursday.

Both the weighted and Kuwait-15 indices levelled down 0.78% and 0.90% respectively.

Trading value stood at KWD 6.3 million, as 72.2 million shares were exchanged through 1,615 transactions.

KSE’s real estate sector topped the decliners by 0.87%, followed by the banks sector which lost 0.76% as Warba Bank dropped 2.27%.

The consumer goods and the insurance sectors were in the green zone after gaining 0.4% and 0.32% respectively.

Hilal Cement topped the winners by 7.5%, while Al Madar led the losers by 10%.

Hits Telecom was the most active stock on which 10 million shares were traded at a value of about KWD 351,300. The stock settled at 35 fils.

KFH recorded the highest liquidity which stood at KWD 1.4 million, after 2.93 million shares were traded. The stock lost 1.04% to 475 fils.

Mubasher Contribution Time: 19-May-2016 09:09 (GMT)
Mubasher Last Update Time: 19-May-2016 09:10 (GMT)