Kuwait Stock Exchange sees mixed trading, profit-taking, selective purchasing

GMT 15:10 2014 Monday ,22 September

Arab Today, arab today Kuwait Stock Exchange sees mixed trading, profit-taking, selective purchasing

Kuwait Stock Exchange (KSE)
Kuwait - KUNA

The Kuwait Stock Exchange (KSE) on Monday witnessed mixed performance and profit-taking operations involving several types of shares especially those which have been active in September.
Today's trading session was the scene of selective purchasing of operating stocks, which constitute the KSX 15, thus helping in keeping the session in the green zone.
It seems to be part of a series of gradual hikes that overwhelmed the bourse last week thanks to some active investment groups, as the tendency of some investment portfolios and funds towards early closing for the third quarter has been very clear since the last three trading sessions.
Weighty operating stocks had a positive effect as four shares gained a high percentage of the monetary value of traded shares, but sale pressure including some financial portfolios pushed some dealers to keep on selling until the last minute.
Trading was also affected by reports suggesting that some companies were going to hammer out significant transactions that would have much influence on a key investment group in the market.
In spite of speculations involving several shares, the levels of some operating stocks dwindled away.
Main indices of the Kuwaiti bourse were in the green zone upon closing on Monday with the weighted, the price, and the KSX 15 indices up by 0.53, 16.49 and 0.4 points respectively.
Number of trades amounted to 6,603, value of traded shares was KD 34,931,849.198, and volume of exchanged stocks was 309,958,817.
Top gainers were KBT, ITHMAR, ALNAWADI, AJWAN and GGMC. Top losers were FUTUREKID, UREC, KFIC, MARAKEZ and PEARL. Top volume stocks were that of ITHYMAR, KBT, QURAINHLD, ADNC and ISKAN.

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