An economic expert said that Kuwait Stock Exchange (KSE) witnessed three slow major waves in the first quarter in 2014, adding each one has certain conditions, which affected generally shares of all sectors.
Adnan Al-Delaimi, a head of administrative and economic consultations company, was quoted by Kuwait News Agency (KUNA) as saying that the market started in the beginning of the year, seeking to a new phase amid optimism of traders and investors and positive decisions by the government relating to economy and KSE specifically. He added that the market witnessed a noticeable rise in indices and general variables and a momentum in trading last January until the end of February.
He pointed out that there are other factors contributed to that rise; governmental cooperation, the stability of oil price and world economic growth.
He added that flexibility, made by Capital Markets Authority relating to timetable of implementing regulations of governance, lessened the acute decline and fall in indices of market temporarily.
He said that an official request has been submitted by 15 parliamentarians to discuss issues relating to implement rules of governance and Capital Markets Authority, pointing out that those factors lead to rise in KSE.