KSE records losses for third week in row

Kuwait Stock Exchange (KSE) recorded losses for the third week in a row as a result of the strong selling actions pressure, which included large number of stocks, especially the leading and operational stocks, a specialized economic report revealed Saturday. The report, issued by Bayan Investment Company, said the KSE drop coincided with similar developments in major regional and international stock markets All markets were negatively impacted by the American and Eurozone debts crises, the report pointed out. The market speculative performance continued amid cautious state prevailed on the investors waiting for the listed companies' semi-annual financial results, as only nine percent of the companies released their results though a month of the announcement period ended. This was reflected on the market transactions, particularly the volume of liquidity, which recorded its lowest level since 2003 in Tuesday session, the report said. It noted the market have managed to make some gains in some sessions, backed by the investors' selective purchase actions which targeted certain blue chip and small stocks.