KSE past week sessions witnesses losses — Oula Wasata

KSE past week sessions witnesses losses -- Oula Wasata
KSE past week sessions witnesses losses — Oula Wasata

KUWAIT, March 26 (KUNA) — Most of the past week KSE sessions were marked with losses due to speculations and profit pocketing and incentives’ absence, Oula Wasata brokerage company said in a report released on Saturday.
The Kuwaiti Stock Exchange closed Thursday’s session with gains posted by the benchmark, which rose 14.7 points to the level of 5,268. Weighted index inched down, 0.35, however the KSX-index, which reflects blue-chips’ trades, slightly dropped, 0.74.
Oula Wasata said in the weekly report that there were limited activities in operational stocks due to anticipation of further financial disclosures by listed companies for the past year.
Trades continued to focus on popular and stagnant chips, however the anticipation regarding the financial announcements boosted the stocks’ divergent performance.
More than 25 percent of the enlisted companies have not revealed their statements till the weekend, despite expiry of the legal grace period.
The report added that absence of key players explicitly affected the trades in a negative fashion, while the Kuwait-15 index continued to lure a proportion of the cash trades, Tuesday’s session registered losses but the market “absorbed repercussions of Belgium’s events, contrary to other Gulf markets.” (end) mke.rk