Kuwait Stock Exchange (KSE) ended last week in the red zone due to absence of incentives and anticipations regarding parliamentary debates on amending the Capital Market Authority's law, Al-Oula Financial Brokerage Company said in a report on Saturday.
The market closed with decline by the three main indices. Price index dropped 11.8 reaching 6,550 points, weighted lost 1.67, likewise Kuwait-15 index, 5.17.
Trades were jittery, with hefty sell-offs of "popular chips," while blue-chips oozed heavily. In the week's second session, the benchmark shed up to 35 points as a result of speculations and hefty selloffs.
In Tuesday's session, the price index bearish inclination came to a halt, while pressure on the blue chips contributed to lowering the weighted and Kuwait-15 indices, as liquidity posted record fall, reaching KD 14 million.
KSE indices closed Wednesday's session in a bullish manner, buoyed by selective trading on the indexes, generally, however liquidity continued dropping to reach KD 13.7 million.
The market lacked "technical incentives," Al-Oula report said, noting that recent motives, such as corporates' revelations were, generally, no longer attractive.