Kuwait- KSE indices post gains
(MENAFN- Kuwait News Agency (KUNA)) Main indices of Kuwait Stock Exchange (KSE) rose in early trades on Sunday with the benchmark reading 6,293 gaining 7.36 points, followed by the weighted index which gained 0.72 and Kuwait 15, 2.44.
Value of traded shares reached some KD two million, volume turnover 19 million stocks, done in 441 deals.
According to a weekend report released Al-Oula brokerage company, the KSE trading was substantially mixed recently, particularly during the post-eid sessions.
The trades in the past week slightly improved, particularly when major investors targeted small chips; 100 and 50 fils, the report said, adding that there was limited liquidity despite profits' declaration by the listed companies in Q1, in addition to investors' anxiousness toward possible drastic fall.
The market witnessed some activity on Tuesday, due to the companies' revelations.
The report said that the KSE needs incentives, makers and derivatives, indicating that many portfolios' managers shifted to regional markets in search for safer investment.
The KSE current market value is in the range of KD 28 billion.
USD is being traded at some KD 0.302. (end)
Value of traded shares reached some KD two million, volume turnover 19 million stocks, done in 441 deals.
According to a weekend report released Al-Oula brokerage company, the KSE trading was substantially mixed recently, particularly during the post-eid sessions.
The trades in the past week slightly improved, particularly when major investors targeted small chips; 100 and 50 fils, the report said, adding that there was limited liquidity despite profits' declaration by the listed companies in Q1, in addition to investors' anxiousness toward possible drastic fall.
The market witnessed some activity on Tuesday, due to the companies' revelations.
The report said that the KSE needs incentives, makers and derivatives, indicating that many portfolios' managers shifted to regional markets in search for safer investment.
The KSE current market value is in the range of KD 28 billion.
USD is being traded at some KD 0.302. (end)
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