KSE’s indices close down collectively

Kuwait – Mubasher: The price index of Kuwait Stock Exchange (KSE) closed Sunday’s trading lower 0.5% or 26.43 points to 5,242.02 points.

The weighted index declined 0.93% or 3.35 points to 355.62 points. The KSX 15 index slid 1.16% or 9.76 points to 831.03 points.

Turnover shrank 20% to KWD 10.75 million ($35.6 million), compared to 13.43 million ($44.5 million) on Thursday.

Trading volume also decreased 16% to 135.34 million shares from 161.03 million shares exchanged last session.

Technology was the worst performing sector as it slid 4.67%, forced down by Osos Holding Group and Hayat Communications which fell 8.77% and 5.45%, respectively.

Meanwhile, insurance was the best performing sector with a rise of 0.85%, supported by a 4.69% increase in Kuwait Insurance.

Al Safat Energy topped gainers by adding 11.11%, while Human Soft Holding headed losers after dropping 13.16%.

Al Safat Energy was the largest-traded stock with 19.12 million shares, while Agility Public Warehousing made the highest liquidity with KWD 1.9 million ($6.29 million).

Agility’s annual profits grew 5% to KWD 53.39 million ($176.77 million) in 2015.

Translated by: Elwy el-Manzalawy 

MUBASHER Contribution Time: 27-Mar-2016 09:56 (GMT)