By: Mohamed Farouk
Mubasher: Boursa Kuwait closed Tuesday on a positive note, as the premiere market and all share indices gained 1.49% and 1.18%, respectively, while the main and BK main 50 indices increased by 0.34% and 0.48%, respectively.
Traded values almost doubled compared to Monday’s session, increasing by 103.4% to KWD 43.44 million, with traded volumes rising by 67.4% to 184.63 million shares.
Banks led nine rising sectors and levelled up by 1.57%, while commercial goods were the only declining sector, closing down by 1.01%.
KFH recorded the highest turnover with KWD 8.23 million, while AUB was the most actively traded stock with 23.47 million shares.
After a couple of quite sessions, Boursa Kuwait recorded gains today on the back of positive sentiment towards the easing of restrictions against the coronavirus (COVID-19) outbreak, according to the Vice President at KAMCO Investment, Raed Diab.
Diab told Mubasher that the appreciation of crude oil prices, resulting from the recent OPEC+ agreement, has helped spread this positive sentiment among investors, after data showed a decline in OPEC production levels to an 18-year low, in a bid to combat the decline in demand and restore market balance.
