By: Waleed AbdelSalam
Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) inched down 0.04% or 2.53 points to close at 5,317.03 points on Monday.
The weighted index retreated by 0.33% to reach 354.67 points. Similarly, Kuwait-15 index levelled down 0.60% to 824.9 points.
The benchmark index has support levels at 5307, 5300, and 5,291 points, technical analyst Bader Al-Otaibi said, adding that the resistance is at 5323, 5332, and 5339 points.
Meanwhile, the weighted index has support at 353, 352, and 351 points, while the resistance is at 356, 358, and 359 points, the analyst added.
KSE’s liquidity increased by 58.7% to KWD 12 million, as trading volume rose by 22% to 120.8 million shares.
The consumer goods led the decliners by 0.87%, while the technology sector headed the gainers by 1.52%.
Ajwan Gulf was the top winner by a rise of 9.1% to 30 fils, after 3.7 million shares were exchanged.
KFIC led the losers by 6.33% or 2.5 fils to close at 37 fils, as about 48,000 shares were traded.
Hits Telecom was the most active stock on which 21 million shares were traded at a value of nearly KWD 728,000. The stock rose by 4.5% to 35 fils.
KFH recorded the highest liquidity which stood at KWD 1.8 million, after 3.8 million shares were exchanged. The stock retreated 1.05% to 470 fils.
Translated by: Ingy ElSafy
