Kuwait Stock Exchange (KSE) ended the trading week up Thursday, in what appeared to be a partial correction after losses of the past four sessions, as all indices closed in green zone, and the price index closing at 6,491 points.
Today, several stocks reduced their heavy losses made over the past sessions, thanks to incentives, mainly selective purchase of the KSX 15 shares, besides other operational shares and popular shares.
Thursday session also witnessed a rise in purchase, and a speculative rebound, for the second day in a row, signaling an uptrend amid traders’ optimism. Yet, traded volume was still humble.
One major feature of the day was the overall rise through the session, extended almost to all sectors, as many groups sought a happy end to the week. Others seemed to be waiting for more incentives to launch purchase orders next week.
The price index gained 67.8 points today, the weighted index three points and the KSX 15 8.8 points.
The traded volume hit 283 million shares at a total value of KD 25 million. The shares were traded in 7,295 deals.
Source : KUNA Kuwait News agency
