(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) concluded trades in a lackluster manner in the past week.
Al-Oula Financial Brokerage Company said in a report, released on Saturday, that trading shifted downward due to local and regional political conditions.
Losses recurred in the past week due to jitters as a result of domestic political issues, thus the price index dropped to the level that existed on January 1st of the past year.
Investors in portfolios and funds were preoccupied with abiding by standards and investment proportions, set by the finance authority, thus putting a brake on trading and liquidity movement.
Although the market posted some gains in the past week, it continued to receive pressure of declining and trading involved targeting some selected small and medium chips, with the aim of maintaining prices, following a recent bearish trend, according to Al-Oula report.
Moreover, the market witnessed speculations, particularly on cheap and medium-value chips, ad positively reacted to forecast political events on the local front.