Saturday, 21 October 2017 04:40 GMT
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Kuwait - Kse Price Index Posts Record Hike 1st Time This Year - Reports

(MENAFN - Qatar News Agency) Trading at Kuwait Stock Exchange (KSE) over the past week mainly targeted blue-chips namely those of the banking sector, while deals in cheap chips noticeably dropped



Al-Oula brokerage company said in a report released on Saturday the KSE price index rose 29 points, the weighted index fell 0.9 and Kuwait-15 4.3 points, Kuwait news agency KUNA reporte



Financial funds and investment portfolios targeted in particular the leading stocks, thus causing the price index to rally, boosting traders' morale, amid jitters and limited decline in liquidity, particularly in the past week last session



Bullish trend among the blue-chips was recorded as six banks declared annual earnings, Al-Oula report said, adding that speculations on cheap chips were largely limited throughout the wee



Meanwhile, the Bayan Investment Company issued a report largely concurring with that of Al-Oula as to the past week status of the stock marke



It said in part that the Kuwait-15 index remained bearish due to profit generation targeting the leading and operational shares, listed in the marke



The KSE price index rallied due to rapid purchases targeting the small stocks, as well as speedy speculation, thus it settled at 7,800 points -- the first time this year
Kuwait - Kse Price Index Posts Record Hike 1st Time This Year - Reports