(MENAFN- Kuwait News Agency (KUNA)) The political uncertainty and lack of economic incentives are piling pressure on Kuwait stock market as traders appeared reluctant to increase liquidity, a specialized economic report said.
The report, by Oula Wasata Brokerage Company, said the index continued points shedding this week even after reaching its lowest level in four months in last week trading.
Oula pointed out that the political uncertainty, particularly after the constitutional court's verdict of the dissolution of the parliament, has put pressure on traders who preferred to wait and see before taking any investment decision.
The report added that investors complained from the lack of any positive incentives to the economy and the stock market.
Oula noted that the week trading was dominated by speculations on small and medium stocks.
It explained that the investment portfolios as well as major traders have focused on selling operations to get liquidity.
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