Technology companies topped six gainers with 2.6%
By: Mohamad Farouk
Mubasher: the indices of Boursa Kuwait closed Tuesday’s trading session with a grouped increase in line with a decline in the trading value.
The benchmark price index edged up 0.04% or 2.65 points to 6,728.29 points.
Similarly, both the weighted and Kuwait-15 indices added 0.06% and 0.29%, respectively.
Weak liquidity and trading activity, in general, have impacted the market’s positivity, capital market analyst Badar AL Badr told Mubasher.
The price index will remain positive as long as it settles above the main support level of 6,700 points, the analyst added.
Al Badr expected the state of volatility and mixed performance among indices to remain in the coming sessions.
Technology companies topped six gainers with 2.6%, followed by the consumer services segment which added 2.37% in line with the 19% increase of IFA Hotels which topped the winners.
Meanwhile, real estate companies led four decliners with 0.7%, dragged by Taameer Real Estate which lost 20%.
Boursa Kuwait’s turnover shrank by 33.9% to KWD 8.5 million on Tuesday compared to KWD 12.85 million in the previous session.
The trading volume decreased by 29.9% to 41.73 million shares, representing the lowest level in 2018, from 59.53 million.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 1.52 million. The stock dropped 0.17%.
Falling 4.9%, Ajwan was the most active stock on which 7.2 million shares were traded.
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