KSE benchmark posts gains in Sunday's early trades

KUWAIT, March 20 (KUNA) — Price index climbed by 11.03 points reaching 5,273.2 in early trades on Sunday but both the weighted and Kuwait-15 indices went down, respectively losing 2.32 and 10.51 points.
Value of traded shares reached some KD 2.598 million, share turnover approximately 23.985 million, done in 491 transactions. (USD=KD 0.300).
According to a weekend report released by Al-Wasata brokerage company, the KSE trades were mixed in the past week’s trades, with share turnover stability and selective stock buying. It closed on Thursday with Price Index rising by 32.1 points, reaching 5,262, followed by the weighted index, which settled at 4.53, while Kuwait-15 index put on 4.53 points.
Selling pressure and speculations remained predominant throughout the sessions, while “popular and inactive chips” continued to lure investors. Some portfolios were active targeting operational and cheap stocks, and the pressure affected a large number of blue-chips, particularly in banking, in addition to service and low-cost stocks.
Trades volume showed that Kuwait-15 index covered 50 percent of the liquidity. (end) km.rk