Little impact for Q1 financial results on stock market – analysts

KUWAIT CITY, May 11, (KUNA): The listed companies’ financial results of the first quarter had little effect on the transactions at the Kuwait Stock Exchange (KSE) due to traders’ speculative behavior as well as the lack of technical or political incentives, financial analysts concurred.

“A growing number of traders are no longer caring about the impact of the financial results on the market because of the absence of transparency which makes some traders know and make use of these results before its being officially unveiled,” other products that invest in enlisted shares. He went on to say that the fund can invest in short-term deals with high liquidity according to Sharia regulations to protect capital, until promising investment opportu- nities are available.

It is worth noting that KFH-Saudi is a Saudi closed shareholding com- financial analyst, said the effect of corporate profits for the first quarter of 2014 is still limited.

He added that profits, however, are rather good when compared to the same period last year.

What really makes one stock market different from another is interaction, something which, unfortunately, does not exist in Kuwait due to disappointments and pressure as there is no desire to buy shares in spite of the fact that the price levels of several stocks are excellent, he pointed out. pany with a fully-paid capital of SR 500 million, and is owned by Kuwait Finance House (KFH).