Kuwait Stock Exchange (KSE) posted significant hike at closing of Tuesday's session, partly due to resumption of hefty blue chips' dealings.
THe bullish atmosphere was reflected in record increase of the traded shares' volume and restored hike of cash trades. Kuwait 15 index was in lead among the rallying indices due to trades by some financial portfolios and funds on operating stocks, notably one of the most important "logistical stocks," in addition to a key banking blue chip.
Trades targeted most of the listed stocks of various sectors, without exemption, despite high speculation for the second day in a row, targeting selected chips and some "popular shares," as well as a small number of chips, above 100 fils.
Reports about Saudi acquisition of a major Kuwaiti food company have lured traders to its shares, seeking to seize the opportunity, in the event these reports have been substantiated.
Trading came to an end on Tuesday with the board at Kuwait Stock Exchange showing green digits as the weighted index ended up on a gain of 2.39 points, the price index reaching 7,310 points, up 43.4 points, and the KSX 15 closed at a gain of 6.94 points.
The session saw 5,153 trades worth KD 26.7 million, with 277 million stocks changing hands.
Top gainer share for the day was (KSHC), and biggest loser was (NCCI). The day's volume top five were (GFH), (COAST), (KRE), (ALMADINA), and (GPO).