Boursa Kuwaits indices close Monday mixed for 4th session in row

Mubasher: The indices of Boursa Kuwait closed Monday’s trading session with a mixed performance for the fourth session in a row.

The All-Share and Premier markets went down 0.15% and 0.46%, respectively, while the Main Market went up 0.46%.

The mixed performance registered by Boursa Kuwait’s indices in the last four session reflects the state of anticipation and awaiting amid investors, capital market analyst Murad Al Damghy told Mubasher.

Al Damghy added that the mixed performance is mainly between the Main and Premier markets, as one rises while the other falls and vice versa, while the overall performance of Boursa Kuwait tends to be negative.

The analyst expected Tuesday’s session to continue with the mixed performance, however, it may witness an improvement.

The telecom segment led four decliners with 1.5%, while the technology sector topped six gainers with 6.15%.

Marakez led the losers with 11.25%, while Sanam advanced the winners with 9.8%.

Boursa Kuwait’s turnover increased by 54.9% to KWD 31.47 million on Monday compared to KWD 20.32 million on Sunday after the trading volume grew by 26.1% to 115.49 million shares from 91.6 million.

Kuwait Finance House (KFH) posted the highest trading value of KWD 7.26 million, the stock went down 1.65%.

Gulf Bank of Kuwait (GBK) was the most active stock on which 20.94 million shares were traded, the stock went up 3.85%.