By: Mohamed Farouk
Mubasher: The All-Share and Premier markets of Boursa Kuwait inched down by 0.51% and 0.76%, respectively, whereas the Main Index edged up by 0.17%.
Arabi Group Holdings closed with a jump of 66.42% or 90 fils at 223 fils, registering turnover worth KWD 2.13 million through the exchange of 10.9 million shares. It is worth noting that the stock surged by over 85% during the session.
The financial services sector advanced six sectors with 0.55%, while the banks led four decliners with 0.93%.
The bourse’s turnover soared by 17.6% to KWD 19.23 million, while the trading volume hiked by 85.2% to 126.21 million shares.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 4.47 million, the stock went down 1.01%, while Aayan Leasing and Investment was the most active stock through the exchange of 27.65 million, the stock edged up 0.71%.
The performance of Boursa Kuwait’s blue chips was affected by selling transactions on Sunday, following a positive performance during the past three sessions, capital market analyst Nezar Younis told Mubasher.
The Premier Index was notably down as a result of some pressures on leading stocks such as the National Bank of Kuwait (NBK), KFH, and Gulf Bank of Kuwait (GBK), the analyst added.
It is worth remarking that Ahli United Bank – Kuwait (AUB Kuwait) led eight losers with 1.87%, whereas the Commercial Bank of Kuwait (CBK) solely rose by 0.2%. The remaining three stocks remained unchanged.
