|27 September, 2018

Kuwait Real Estate records highest trades in 1.5 yrs on Thursday

The stock posted 33.5 million shares that formed 34.4% of Boursa Kuwait’s total 97.4 million shares

Mubasher: The stock of Kuwait Real Estate registered the highest trading activity in a year and a half on Thursday.

By 11:45 am Kuwait time, the stock posted 33.5 million shares that formed 34.4% of Boursa Kuwait’s total 97.4 million shares.

The stock’s volume was executed through 350 transactions at a total value of KWD 1.6 million representing 12.3% of the stock exchange’s overall liquidity of KWD 13 million.

Kuwait Real Estate is facing resistance at 47.5 fils of which breaking will lead to the second string resistance at 50 fils, while the support level lies at 45 fils to be followed by 42 fils, capital market analyst Badar Al Badr told Mubasher.

Source: Mubasher Exclusive

All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities