All Kuwaiti indices declined by the end of Wednesday’s trading session, as the All-Share, Main, and Premiere markets retreated by 0.43%, 0.27%, and 0.48%, respectively.
Meanwhile, Boursa Kuwait’s liquidity slightly rose to KWD 21.85 million from KWD 21.78 in Tuesday’s session, while the trading volume fell by 26.3% where 118.89 million shares were exchanged from 161.37 million.
The consumer goods sector was the top decliner among nine others with 4.76%, while the basic materials sector was the top gainer with 0.42% growth.
Manazel Holding was the top loser with a 13.33% retreat, while Amar for Finance and Leasing topped the winners with a 10% growth.
Kuwait Finance House (KFH) posted the highest liquidity of KWD 4.48 million, the stock went down 0.91%, while Abyaar Real Estate was the most active stock with 13.69 million shares exchanged, the stock went up 1.43%
The All-Share market was the top decliner during Wednesday’s session as 14 of total 19 stocks retreated, where leading stocks have significantly impacted the index and Boursa Kuwait, capital market analyst Nezar Younis told Mubasher.
He further commented that the All-Share index was approaching the level of 6,650 points during Tuesday’s session, while it declined during Wednesday’s near the support level at 6,610, hence, retreating again under 6,600 points.
Despite its decline in Wednesday’s session, the All-Share index still has a chance to move upwardly if it managed to close above 4,800 points, Younis further nodded, warning against a fifth consecutive decline which threatens the index’s up move.