Several variables have affected the course of trading in the Kuwait Stock Exchange (KSE) over the week, ending Thursday, financial analysts revealed.
"The trading sessions were affected by external or political variables, and internal or technical ones," General Manager of Mena Financial and Economic Consultancy Company Adnan Al-Dulaimi told KUNA.
He pointed out that the postponement of military action against Syria was the main external variable that positively impacted the trading on the market.
"Meanwhile, the start of trading on Warba Bank shares came at the forefront of the technical variables that had driven the market to the green zone," Al-Dulaimi said.
"Warba Bank's share had stolen the light over the week." For his part, Financial Analyst and Consultant of Arzaq Capital Company Salah Sultan pointed that the traders' speculation operations which targeted Warba equities helped the market restore some of its previous losses and ends on a positive note.
"The traders' purchasing pressure on Warba shares were reflected in the remarkable growth of the number of deals and traded value," Sultan told KUNA.
The fading fears of a US-led international military intervention in Syria have also positively impacted the traders' sentiments which gave remarkable impetus to the market.
The technical variables also included the return of traders' appetite for the large-cap stocks and major investment portfolios' noticeable activity and selective trading on stocks.
Kuwait Stock Exchange (KSE) ended Thursday's trading on a high, with gains witnessed across all of its indexes as its weighted index rose 0.76 points to 454.48 points.
The price index increased by 38.87 points, to stand at 7,587.21 points, with the KSX 15 also witnessing a rise of 3.64 points to 1,068.42 points.
Trades came to 13,951 transactions worth KD 53,335,480.706, with volume at 539,465,415 shares.