By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait closed Monday’s trading session with a mixed performance; the benchmark price index went up 0.57% or 38.37 points to 6,805.91 points.
Meanwhile, both the weighted and Kuwait-15 edged down 0.01% each.
The mixed performance registered today in Boursa Kuwait reflects the volatility that has been recently witnessed at the stock market, capital market analyst Saad Al Roumi told Mubasher.
Boursa Kuwait’s liquidity focused mainly on the banking sector with its generous dividends, but the negative performance at the end of the trading pushed both the weighted and Kuwait-15 indices to slightly fall; this trend may rebound on Tuesday, Al Roumi added.
Technology companies topped eight gainers with 6.54%, backed by Automated Systems which rose by 18.3%.
The financial services segment also added 0.93% in line with the 13.64% increase of Tamdeen Investment.
Meanwhile, telecom companies led three decliners with 0.26%, dragged by Ooredoo, Zain, and Viva with 1.54%, 0.43%, and 0.4%, respectively.
Boursa Kuwait’s turnover decreased by 18.7% to KWD 9.11 million on Monday compared to KWD 11.2 million on Sunday after the trading volume shrank by 20% to 63.89 million shares from 79.87 million.
The National Bank of Kuwait (NBK) was the most active stock on which 7.16 million shares were exchanged. The stock fell by 0.24%.
