kuwait stock exchange price index declines to lowest level in 18 months
Last Updated : GMT 07:46:37
Arab Today, arab today
Arab Today, arab today

Kuwait Stock Exchange price index declines to lowest level in 18 months

Arab Today, arab today

Arab Today, arab today Kuwait Stock Exchange price index declines to lowest level in 18 months

Kuwait Stock Exchange (KSE)
Kuwait - KUNA

Kuwait Stock Exchange's (KSE) price index declined to its lowest level in more than 18 months in last week's trading, closing at 6,753 points, down by 3.35 percent, said a report by First Securities Brokerage Company on Saturday.
The KSE ended Thursday's session in the green zone as the weighted index came to 456.55 points, gaining 0.12 points, the price index reached 6,776.09 points, gaining 0.65 points and the KSX 15 recorded 1,110.29 points, gaining 0.41 points.
The market value in Sunday's opening session trading dropped by KD 600 million, while the weighted and KSX 15 indices were not in a better condition, the report added.
Despite this, some indices recovered in the second and third sessions trading after a return of part of the paid-up activity buying on selected stocks and others affiliated to investment group. The KSE posted a rebound on overall sectors, but negative sentiment continued to cast a shadow on the index of investor confidence, it noted.
The report pointed out that these indices are clearly affected by oil prices, expecting that such indices are dominated by oil prices. So this will take time until the market is balanced again and investors abandon their broad cautious attitdue.
It noted the standard decline that happened in Sunday's trading was the first one since trading of April 2013 due to frantic scramble for selling.
Continued decline came in line with regional retreat that impacted on sentiment in Kuwait and pushed to move cautiously and selectively. It was a mood driven by low expectations of investors after the Organization of Petroleum Exporting Countries (OPEC), last month, decided to maintain its production levels.
The increased selling pressure that affected many of the listed stocks contributed to deepening declines which led to a varied overall performance in overall sectors that have been traded during the rest of the sessions, it noted.
This comes in light of lack of incentives aimed at improving investors' expectations, while the KSE achieved some stability in the second trading session but it declined in the fourth session and closed higher, the report pointed out.
It stated that the reaction on decline in oil prices has raised widespread concerns among investors of the continuation of this situation. This increased caution and anticipation among market makers, especially in light of the random movements by some individuals due to fears of continued decline in oil prices on one hand and profit taking on the other, the report added.
By the end of last week's trading, sentiment rose relatively as national portfolio raised its purchasing activity in many closing sessions, but this activity is still limited and directed toward the selected stocks, the report concluded.

arabstoday
arabstoday

GMT 11:50 2017 Tuesday ,21 November

European stocks shrug off Germany's political woes

GMT 03:59 2017 Tuesday ,21 November

Weekly inflation decreases by 0.88%

GMT 23:50 2017 Monday ,20 November

Bahrain Bourse daily trading performance

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides
Arab Today, arab today
Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait stock exchange price index declines to lowest level in 18 months kuwait stock exchange price index declines to lowest level in 18 months

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

kuwait stock exchange price index declines to lowest level in 18 months kuwait stock exchange price index declines to lowest level in 18 months

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday