125 Kuwait Stock Exchange-listed companies reap KD 1.5bn

GMT 12:18 2015 Saturday ,21 March

Arab Today, arab today 125 Kuwait Stock Exchange-listed companies reap KD 1.5bn

Kuwait Stock Exchange (KSE)
Kuwait - KUNA

Up to 125 companies, out of 191 ones listed in Kuwait Stock Exchange (KSE), revealed their profits till end of the past week -- amounting to KD 1.5 billion.
Bayan Investment Company said in a report released on Saturday that these companies' earnings, in the past year, rose 9.8 percent as compared to 2013, amounting to KD 1.4 billion.
The Kuwaiti bourse posted losses for the third consecutive week, with the main indices settling, in the closing session, in the red zone, greatly due to drastic fall of oil prices, according to the report.
The past week's trades were distinguished with hefty stocks' selloff, according to a report issued 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.
The US dollar is currently being traded at approximately KD 0.299.

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