Kuwait-Mubasher: The benchmark of Kuwait’s stock market started Monday’s session 0.14% or 7.3 points weaker to settle at 5,363.4 points. Similarly, the weighted and KSX 15 indices edged down 0.23% and 0.14% respectively.
KSE’s main index is facing resistance at 5,385 points which, if broken above, will lead the benchmark to 5,404 and 5,435 points respectively, technical analyst Nawaf Al-Oun said. He added that if the support level of 5,336 points is broken below, the gauge will aim at hitting 5,290 points.
Liquidity stood at KWD 5.4 million, as trading volume reached 34.7 million shares which were traded through 920 transactions.
The basic materials sector topped the gainers by adding 1.74%, backed by Boubyan Petrochemical which rose by 3.9%. Meanwhile, the telecom sector headed the decliners with a fall of 1.27%, dragged by Ooredoo stock.
Agility was the most active as 5.14 million shares were exchanged, with value of KWD 2.6 million. The stock settled at 500 fils.
