Kuwait stock exchange saw slight movement during last week's trading

Kuwait Stock Exchange (KSE) main index dropped in past week's trading yet the overall performance was slightly moderate, Al-Oula brokerage company said in a report released on Saturday. The week operations closed with a rise of the weighted index by 0.42 points to reach 461.81 points, and Kuwait-15 followed suit, increasing 4.32 points to reach 1067.33 points. However, the price index dropped 1.78 points to stay at 8092.04 points. Moreover, the bourse witnessed moderate purchasing operations that reflected the investors trust in local markets to find trade opportunities that would compete with regional and international markets. The bourse's recent movement is considered normal for a market that has been on the rise in the past few months. In addition, this movement is also seen a acceptable since there are no incentives for investors to pump fluidity on the financial markets. The report also noted that the existence of 12 companies that have not yet determined its financial status drove investors to choose safer paths for their businesses. In general, a sense of positivity has prevailed the bourse especially after increasing demands, from the parliament and the government, to support the development process in the country. Local banks have also seen improvement in half year profits that amounted to 281 million Kuwaiti Dinars, a growth of eight percent, according to the report. Kuwait Stock Exchange has passed the psychological barrier of 8,000 points despite slow trading during the month of Ramadan.