By: Mohamad Farouk
Mubasher: The price index of Boursa Kuwait closed Monday’s trading session 0.41% or 27.5 points lower at 6,622.56 points.
Both the weighted and Kuwait-15 indices retreated 0.19% and 0.12%, respectively.
The oil and gas segment led eight decliners with 1.6%, dragged by Napesco which lost 3.4%.
The banks sector also dropped 0.77%, in line with the fall of the National Bank of Kuwait (NBK) and Kuwait Finance House (KFH).
Meanwhile, the consumer goods and consumer services segments were the only gainers with a rise of 3.3% and 0.17%, respectively.
Prices of small caps and medium stocks went down on Monday, reacting negatively to blue chips, of which prices have been increasing in the past period, capital market analyst Nawaf Alshaya told Mubasher.
Warba Insurance led losers with a decline of 14.7%, while Kuwait Food – Americana was the top winner with a gain of 11.4%.
Boursa Kuwait’s liquidity increased by 56.1% to KWD 10.16 million on Monday compared to KWD 6.51 million in the previous session, after the trading volume grew by 8.2% to 62.55 million shares from 57.83 million.
Zain recorded the highest turnover of KWD 1.5 million, falling 0.79%.
Investors was the most active stock on which 9.91 million shares were exchanged, down 5.5%.
