KUWAIT, Oct 24 (KUNA) -- Price index of Kuwait Kuwait Stock Exchange (KSE) shed 14.4 points at start of trading on Wednesday reaching 13,138.8 points.
Volume of dealt-in stocks amounted to 31.8 million, valued at 14.6 million dinars, done through 855 spot transactions.
Trading in stocks of Agility, Nour for Investments and the Arab Real-estate Co., was suspended pending investigation into authenticity of information published in the daily press today about some activities of these companies.
The bourse authority has been seeking to cross-examine information about earnings and operations, declared by the listed companies to ensure solid basis for operations and spare investors, namely the small ones, losses or waste of invesment funds.
The Kuwaiti bourse is one of the most active ones in the region and the Arab world. Recent indexes showed its jump above the 13,000-point barriers, after the 12,000-point barrier had been seen as the so-called psychological barrier for a long period of time.
The index of the national market on Tuesday closed with a hike of 33.1 points to stand at 13,153.2 points. The weighted index ended the day up by 2.1 points to reach 766.79 points. Volume of traded stocks amounted to 378.5 million, valued at 168.9 million Kuwaiti dinars, exchanged over 10,296 cash transactions.
Five out of KSE's eight sector indexes increased. The Non-Kuwaiti sector registered the highest increase with 189.8 points, followed by the Food sector with 62.7 points gained, the Industrial sector up 38.6 points, the Real Estate sector by 28.6 points and the Insurance sector up 19.5 points.
The Kout Food Group was the top gainer having edged up by 9.804 percent, while the Mushrif Trading and Contracting Company was the top loser by a 5.556 percent drop.
