KSE trades largely mixed past week — report

KUWAIT, March 19 (KUNA) — Trades at Kuwait Stock Exchange (KSE) were mixed in the past week’s trades, with share turnover stability and selective stock buying, Al-Wasta brokerage company said in a report on Saturday.
The KSE 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) mke.rk