Kuwait-Mubasher: The price index of Kuwait Stock Exchange (KSE) retreated 0.14% or 8.2 points to close at 5,783.69 points on Monday.
Similarly, the weighted index fell by 0.46% or 1.8 points to settle at 390.98 points, and the Kuwait-15 index levelled down 0.81% or 7.6 points to reach 925.63 points.
Today’s trading value declined 18.8% to KWD 8.78 million, as trading volume decreased by 28% to 84.28 million shares which were traded through 2,435 transactions.
The price index would reach 5,819 and 5,844 points in the coming period, if the index holds above 5,801 points, said capital market analyst Badr Al-Otaibi.
The poor performance of Gulf stock markets including Kuwait in December is due to the latest unfruitful meeting of OPEC which offered no boost to falling oil prices, he added.
The index has support levels at 5758, 5733, and 5715 points respectively, while the main resistance is at 5,917 points from which the index can rise to 6,082 points, the analyst noted, adding that there are three normal resistance levels at 5801, 5819, and 5844 points respectively.
The industrial sector topped the gainers by adding 0.57%, while consumer services led the decliners as it lost 0.81%.
Human Soft advanced 7.84% to become the biggest winner, while Zima Holding led the losers after falling 7.58%.
GFH was the most active stock as 14.71 million shares were exchanged through 114 deals, with a value of about KWD 539,140. The stock fell by 4%.
NBK recorded the highest trades of KWD 2.18 million, after 50 deals were traded through 2.66 million shares. The stock declined by 1.2%.
