The Kuwait Stock Exchange (KSE) has had mixed performance involving favorable and negative findings during this week’s trading sessions, economists opined here on Thursday.
Positively, KSE-registered companies and groups revealed mostly good financial findings, while the negative aspect was reflected by corporate failure to disclose results, they told KUNA separately.
The economists predict the stock situation to be improving next week as some major investment groups will resume activity in the hope of giving good distributions to their shareholders.
This week’s trading did not have the same course as the market was not affected, positively or negatively, by local statements and news, shrugging off corporate findings, Ali Al-Nemesh, an economist, told KUNA.
The market will undergo a totally different stage next week as clear certainty will give it a fresh approach where the investment scene will come out of important and key companies, he added.
The last five trading sessions of the bourse were stable in spite of fluctuations as this pace became clear during the concluding session today, Adnan Al-Duleimi, another economist, told KUNA.
Several shares strongly fell this week compared to last week’s trading, he said, adding that the percentage of the market rise hit one percent.
For his part, the economist Mohammad Al-Tarrah said the bourse lost many incentives but it was feasible to speculators and short-term investors as price levels were mostly encouraging.
The flow of corporate disclosures, which usually come in the last minute of the legal deadline, was the cause of the market interaction and led to a hike in traded fluidity, Al-Tarrah pointed out.
Kuwait Stock Exchange (KSE) ended Thursday’s session on a mixed board, as the weighted index recorded 475.78 points, gaining 0.31, the price index reached 7,201.26 points, losing 0.65 points and the KSX 15 reached 1,149.7 points, losing 0.97 points.
The number of trades was 4,069, with a value of KD 24,494,948.778 and a volume of 190,450,614.
The top gainers were (KPAK), (MENA), (AFAQ), (ALAMAN) and (CATTL). The top volume shares were those of (GFH), (ABYAAR), (ADNC), (BURG) and (ALDEERA).
Source : KUNA Kuwait News agency
