Interest in select shares buoys KSE
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