Benchmark of Kuwait Stock Exchange (KSE) jumped more than 100 points in early trading on Sunday, putting the level at 6,330.4 points.
Weighted index gained 12.3 points and Kuwait 15 index, which shows trades in blue-chips, gained 45.3 points.
Value of traded stocks reached some KD 9.6 million and volume of exchanged shares amounted to some 74.5 million, done in 2,314 transactions.
According to a weekend report, released by Al-Oula Financial Brokerage Company, the KSE main indices had seen a severe drop in last week’s sessions, causing a decline in the blue-chips. The major fall in the bourse was stimulated by frenzy sell-offs, while the other Gulf stock markets witnessed a drastic fall amid continuing decline of oil prices, thus affecting investor’s sentiments and prompting them to abstain from trades.
Source : KUNA Kuwait News agency
