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Kuwait gains momentum as Agility shines, volume rises - ARAB TIMES


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KUWAIT CITY, May 5: Kuwait stocks gained momentum on Wednesday following the three-day advance. The All Shares Index rallied 49.34 points to 6,232.97 pts paced by Agility and some of other blue chips and mid caps even as the banks remained largely muted. The Premier Market soared 74.17 points to 6,757.82 pts taking the month’s gains to 130 points while Main Market slipped 7.16 points. The BK Main 50 scaled 20.86 points to close at 5,410.62 pts. The volume turnover meanwhile continued to rise for the second straight session. Over 525 million shares changed hands – up 5 percent from the day before. The sectors closed mixed. Insurance outpaced the rest with 6.41 percent gain whereas Technology slid 3.67 percent, the steepest decliner of the day. ....

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