Selling pressures push KSE to narrow early gains

Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) rose by 0.58% or 28.62 points to close at 4,974.95 points on Sunday, as selling pressures have trimmed early gains.

Both Kuwait-15 and the weighted grew 2.37% and 1.75% respectively, in line with the 10% rise in oil price which settled at $32 a barrel.

The liquidity amounted to KWD 16 million after 220 million shares which were exchanged through nearly 4,300 transactions.

Shares of 136 instruments were traded, as 82 rose, 27 fell, and 27 remained unchanged.

Al Dar National was the top winner by adding 12.2% to close at 23 fils, while Osoul Investment led the losers with a decrease of 13.3% to end the session at 32.5 fils.

Ithmaar Bank was the most active stock, as 71 million shares were exchanged at KWD 2.38 million, however, the stock retreated by 7.25% to close at 32 fils.

NBK grew 3% to close at 670 fils after the bank has achieved KWD 282 million profits in 2015, and distributed 30% cash dividends distribution and 5% bonus shares.

Viva rose by 1% to close at KWD 1, after the company announced KWD 43 million profits. The stock rose by 6%.

Mubasher Contribution Time: 24-Jan-2016 10:06 (GMT)