The indices of Boursa Kuwait closed Tuesday’s session higher, endorsed by the active trades in line with a growing demand for blue chips and operating stocks.
The All-Share Market index added 1.31% or 78.64 points to close 6,096.03 at points. Similarly, both the Main and Premier markets went up 1.04% and 1.4%, respectively.
Boursa Kuwait increased by 12.1% to KWD 66.5 million on Tuesday from KWD 75.64 million in the previous session, after the trading volume grew by 8.4% to 258.92 million shares from 238.87 million.
The positive performance of Boursa Kuwait is expected to remain during the coming period, with the purchase trend focusing more on leading stocks, deputy head of the research unit at KAMCO Investment Raed Diab told Mubasher.
The technology segment topped nine gainers with 10%, while the basic materials and the oil and gas sectors were the only decliners with 1.43% and 0.7%, respectively.
Al Mal Investment was the top winner with 11.36%, while Credit Rating and Collection (Tahssilat) led the losers with 26.3%.
Kuwait Finance House (KFH), up 2.6%, posted the highest liquidity of KWD 11.85 million.
Al Imtiaz was the most active stock on which 62.72 million shares were exchanged, the stock closed 3.55% higher.