Arab Today, arab today economists expect erratic kse performance this week
Last Updated : GMT 00:36:22
Arab Today, arab today
Arab Today, arab today

Economists expect erratic KSE performance this week

Arab Today, arab today

Arab Today, arab today Economists expect erratic KSE performance this week

Kuwait - KUNA

A number of Kuwaiti economists have anticipated that trading at the Kuwait Stock Exchange (KSE) may witness erratic performance after the holiday of Eid al-Adha and the possibility of a gradual improvement on the course of movement of stocks especially following the operational pressure they faced by speculators before the holiday. They said in interviews with Kuwait News Agency (KUNA) today that many investors would pause before entering into any purchasing or selling orders till making certain where would the compass of senior market makers take them to before taking any investment decisions. They pointed out that the course of the performance during the pre-holiday period was somewhat volatile due to speculative pressures that targeted a lot of small stocks and it is possible to continue on the same pace during the next trading in a short week to come for a duration of three days only. Economist Mohammad Al-Hajri said expectations are in the continuation of speculative operations, especially as the political momentum is still going, besides the vacations that will continue during the week which means a drop in key indicators of the market, chiefly value of the traded shares. He added that the market is in need for more confidence in order for investor sentiment to rise especially as the investment within the stock market is still misty, whether in the technical aspects or local and regional political influence. For his part, Adnan al-Dulaimi said that the projections indicate that the performance of the market will be controlled by a state of anticipation awaiting political statements for the prosperity of the economic situation, especially since the course of movement experienced during trading last week an escalation in the political and economic arenas which lent a sort of reservation to purchase and sales orders which may may continue during the last three trading days of the week. He added that there may be types of investment risk in the movement of a lot of investors especially younger ones in anticipation of speculative movement and in anticipation to the expected scenario with the start of trading this week. He pointed out that some portfolio and fund managers will wait companies disclosures about the performance of the third quarter of the year to determine the investment destinations whether on speculative or leadership according to the theory of supply and demand. For his part, Muhammad Al-Tarrah expected a new start for the market with the beginning of trading after the holidays, especially with the signing of a number of contracts and deals by some companies that may cast a shadow on the performance and in the interest of all shares a matter that is awaited by many traders and companies alike.

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Arab Today, arab today economists expect erratic kse performance this week Arab Today, arab today economists expect erratic kse performance this week

 



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