Hefty stocks' selloff predominated trades at Kuwait Stock Exchange (KSE) in the past week sessions, according to a report released by First Securities Brokerage Company, "Oula Wasata," on Saturday.
The KSE closed trading on Thursday, with the three main indices posting hikes; 39.9 points for the benchmark which reached 6,435 points, 1.21 for the weighted index and 0.19 for Kuwait 15 index.
Trading was distinguished with selloffs, higher than purchases. Bearish trend covered most of the stocks, partly due to decline of oil prices, 10 percent in less than a week, shy attitude on part of market makers and lack of stimulants.
The bearish trend prompted investors to shift to small chips, a regular occurrence in such circumstances.