Largely Lackluster Trades at KSE's Week's 1st SessionSource: www.export-egypt.com 12/7/2014, Location: Middle East |
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A lackluster atmosphere prevailed at the Kuwait Stock Exchange (KSE) in early times of Sunday's KSE session, the first session of the new week.
Benchmark posted marginal fall of 0.94 points reaching the level of 6,775 points, weighted index dropped 0.81 points, likewise the Kuwait-15 index, 2.61 points. Value of traded shares amounted to KD 1.2 million, while volume of exchanged stocks reached approximately 12.8 million, covering 257 transactions. According to a report released by the First Securities Brokerage Company, on Saturday, the KSE price index declined to its lowest level in more than 18 months in last week's trading, closing at 6,753 points, down by 3.35 percent. The KSE, according to the report, ended Thursday's session in the green zone as the weighted index came to 456.55 points, gaining 0.12 points, the price index reached 6,776.09 points, gaining 0.65 points and the KSX 15 recorded 1,110.29 points, gaining 0.41 points. The market value in Sunday's opening session trading dropped by KD 600 million, while the weighted and KSX 15 indices were not in a better condition, the report added. Despite this, some indices recovered in the second and third sessions trading after a return of part of the paid-up activity buying on selected stocks and others affiliated to investment group. By the end of last week's trading, sentiment rose relatively as national portfolio raised its purchasing activity in many closing sessions, but this activity is still limited and directed toward the selected stocks, the report concluded. |
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