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

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