Seven sectors drag Kuwaiti bourse into red zone

Kuwait-Mubasher: The price and weighted indices of Kuwait Stock Exchange fell on Tuesday by 0.04% and 0.02% respectively, while the KSX 15 edged down 0.01% by 10:30 am Kuwait time.

Liquidity stood at KWD 2.43 million, as trading volume reached 30.6 million shares which were traded through 915 transactions.

If the benchmark index can close above 5,368 points, it will go up to the level of 5,373 points, said technical analyst Nawaf Al-Oun. He added that support levels are at 5334, 5310, and 5291 points respectively.

The consumer goods sector topped the gainers by adding 0.97%, backed by Livestock Transport and Trading which dominated rivals after rising 6.8%.

Meanwhile, seven sectors were in the red zone, led by basic materials as it shed 1.34%, dragged by Boubyan Petrochemical which lost 3.7%.

Taameer Real Estate Investment was the steepest decliner with a 6.4%  fall to 22 fils.

Bayan Investment was the most active as 3.58 million shares were traded with a value of about KWD 128,830. The stock settled at 35.5 fils.

Recording the heaviest turnover, NBK generated KWD 405,000 after 1.92 million shares were exchanged. The stock rose 1.92% to 212 fils. 

MUBASHER Contribution Time: 10-May-2016 08:10 (GMT)
MUBASHER Last Update Time: 10-May-2016 08:37 (GMT)