By: Mohamed Farouk
Mubasher: The indices of Boursa Kuwait closed Sunday’s trading session in the red, registering its biggest drop this year, pressured by regional geopolitical tensions and the Sino-US trade war.
The All-Share Market Index fell more than 11 points, or 1.92%, to 5,691 points, while the Main and Premier markets declined 1.09% and 2.22%, respectively.
The trade war between the US and China, the world's two largest economies, has cast a pall over global equity markets and the Middle East bourses, in particular, technical analyst Nizar Younes told Mubasher.
The technology sector led the losers with 4.71% and the banking sector fell 2.5%, whereas the consumer goods sector topped the gainers with 1.7%.
Energy House Holding was the worst performer with 18.78%, while Taameer Real Estate Investment was the best performer with 11.31%.
Boursa Kuwait’s liquidity rose 10.1% to KWD 34.07 million from KWD 30.95 million, while traded volume increased by 1.8% to 131.3 million shares, compared to 128.93 million on Thursday.
The Gulf Bank of Kuwait (GBK), which went down 1.92%, led the bourse in terms of volume and value after 6.81 million shares were exchanged, with a turnover of KWD 22.22 million.
