(MENAFN- Arab Times) Kuwait stocks headed lower Tuesday to kick off the month on a dull note. The index slid 41.2 pts in volatile trade to settle at 7,725.78 points even as investors continued toe caution ahead of the quarterly earnings. The regional markets too were mixed following the US Federal government shutdown. The KSX 15 measure slipped 5.8 pts to 1,089 points and has rallied 80 pts from start of the year whereas weighted index edged 1.77 pts lower. The volume turnover meanwhile receded for fourth straight session and slipped below the 300 million mark to hit a 3-week low. 393.58 million shares changed hands - down 12.95 percent from the day before.
The sectors closed mostly in red zone. Consumer services outpaced the rest with a meager 0.10 percent rise whereas technology slumped 1.54 percent, the worst performer of the day. Volume wise, financial services dominated with 49.01 percent market share and real estate came in next with 27.24 pct. Industrial stood a distant third with 11.88 percent contribution.
Kuwait National Cinema Co slid 40 fils to KD 0.950 while IFA Hotels and Resorts plunged 85 fils after posting moderate loss in the previous session. NICBM dropped 20 fils and Contracting and Marine Services Co was down 10 fils at KD 0.170.
Kuwait Remal Real Estate Co shed 10 fils and Kuwait Gulf Links fell 4 fils after trading 2.1 million shares. The stock had rallied 16 fils during whole of September and has gained 26 fils year-to-date.
Zain fell 10 fils to KD 0.710 paring steeper losses earlier in the session whereas Wataniya Telecom held the ground unchanged at KD 1.920. Agility too clawed back from red to close flat at KD 0.710 and the stock has rallied 200 fils in 2013.
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