Home Economy KSE index closes down 87.2 points

KSE index closes down 87.2 points

By KUNA

Kuwait : Price index of Kuwait Stock Exchange (KSE) ended Monday’s trading with a drop of 87.2 points to settle at 13,614.4 points.

Volume of traded shares reached around 275.2 million, valued at KD 134.2 million, changing hands in 8,189 cash transactions.

Two out of KSE’s eight sector indices registered gains, with the insurance sector in the lead with an increase of 18.8 points, followed by the food sector with an up of 13.1 points. Meanwhile, the non-Kuwaiti companies sector witnessed the biggest decline, dropping 179.1 points.

Top gainer for today was Kuwait Building Materials Manufacturing Company share, increasing 7.4 percent, while the share of Mushrif Trading and Contracting Company suffered the greatest loss, shedding 5.7 percent.

Al-Safwa Group share saw the day’s biggest share volume with 35.2 million stocks changing hands.

Al-Safwa Group, Tijara and Real Estate Investment Company, Al-Mal Investment Company, International Investment Group, and the International Leasing and Investment Company shares were in the lead in terms of volume with a total of 83.2 million traded shares among them, accounting for 30.2 percent of all traded shares for the day.

The bourse had closed at a record all-time high of 13,701.6, gaining 16.3 points.