In­ter­est in se­lect shares buoys KSE

Kuwait Times - - BUSINESS -

KUWAIT: KSE ses­sion yes­ter­day wit­nessed trad­ing in se­lect shares, cheap stocks in par­tic­u­lar, along with liq­uid­ity hike as well as the in­vestors’ anx­ious­ness for pos­si­ble emer­gence of stim­u­lus. Profit fall by some com­pa­nies for Q3 (2015) con­trib­uted to the mar­ket in­sta­bil­ity, along with tar­get­ing of bro­kers’ chips. The in­dices var­ied since the ses­sion open­ing till its clo­sure due to in­vestors’ wait-and-see at­ti­tude for pos­i­tive mo­tives fol­low­ing the quar­terly fi­nan­cial dis­clo­sures and price sta­bil­ity of most stocks.

Spec­u­la­tions were no­tice­able till the pre-clos­ing twominute auc­tion. The mar­ket was af­fected with geopo­lit­i­cal events and such in­ter­ac­tion was recorded among com­pa­nies with reg­u­lar per­for­mance, namely those en­listed in the Kuwait15 in­dex. The KSE closed yes­ter­day’s ses­sion with the three in­dices post­ing gains. The bench­mark rose 3.09 to 5,703, while the weighted in­dex inched up by 0.26 and the Kuwait-15 in­dex put on 2.85 points. Value of traded shares amounted to KD 14.6 mil­lion, vol­ume of ex­changed stocks reached some 165.8 mil­lion, done in 4, 191 trans­ac­tions. —KUNA

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