Trading value at Kuwait Stock Exchange (KSE) posted lowest decline in first sessions of the past week since August 2011.
Al-Oula brokerage company said in a report released on Saturday that volume of traded shares reached, in the first session, KD five million, while the benchmark regained the psychological barrier, above 7,000 points.
The market closed, on Thursday, with hikes posted by the main indexes, with the price index increasing 22.8 points, reaching 7,076, the weighted index hiking by 3.26 percent and the Kuwait 15 index, by 10.2 points.
The benchmark dropped, in the week’s first sessions, 0.3 percent, amid significant local and regional events. Major traders abstained from trading in the first two sessions, favoring a wait-and-see attitude regarding the local political events. Meanwhile, portfolios and funds focused on operational stocks, which drew bulk of the liquidity. The market rebounded in the week’s last session, with the main indexes moving upwards, amid restoration of normal political conditions.
Source : KUNA Kuwait News agency
