KSE index nudges up amid bargain buying

NBK climbs 10 fils; KIPCO flat

By John Mathews Arab Times Staff KUWAIT CITY, May 24: Kuwait stocks nudged higher on Tuesday stemming the four-day fall. The price index rose 8.12 pts in lackluster trade to 5,322.61 points amid bargain buying in select counters. The heavyweights were mixed even as investors kept a wary eye on the oil prices.

The KSX 15 gauge climbed 4.93 pts to 829.83 points trimming the month’s losses to 34 pts while weighted index ticked 1.41 points higher. The volume turnover rose for the second straight day mostly on spurt in speculative buying. 137.39 million shares changed hands — a 13.71 pct increase from Monday.