Telecom sector drags Kuwaiti bourse to red zone at open

Kuwait-Mubasher: The price index of Kuwait’s stock market levelled down 0.06% or 3.35 points to reach 5,371.86 points by 11 am Kuwait time on Wednesday.

Similarly, both the weighted and Kuwait-15 indices retreated by 0.54% and 0.67% respectively.

The market’s liquidity reached KWD 1.52 million as 16.61 million shares were traded through 460 transactions.

The telecom sector led six decliners by 1.3%, dragged by both Ooredoo and Hits Telecom which fell by 5.17% and 2.44% respectively.

The basic materials sector topped four gainers by 0.56%.

Gulf Franchising Holding was the top loser by a 7.35% decline, while Zima led the winners by 4.35%.

Aayaan was the most active stock on which 5.75 million shares were exchanged at a value of nearly KWD 191,500. The stock rose by 3.08%.

NBK recorded the highest trading value that stood at KWD 380,000 after about 633,130 shares were traded. The stock retreated by 1.64% to 600 fils.

 

Mubasher Contribution Time: 29-Jun-2016 08:38 (GMT)
Mubasher Last Update Time: 29-Jun-2016 08:39 (GMT)