Kuwait Stock Exchange (KSE) ended Monday trading in the red zone, after tepid trading that has been dominant since the start of the Muslim fasting month of Ramadan.
For a second session this week, speculations continued over selective popular stocks, worth no more than 100 fils, or even below. Selling outdid buying as the market lacked incentives or encouraging news on company
Some 55 percent of the market liquidity went to few leading operational stocks, which led the Weighted Index and the KSX 15 to end the session in green zone.
In addition, investors mainly showed interest in banking and services stocks.
The tepid pace is expected to carry on at the KSE imposing a state of waitandsee, especially on small investors, till the end of Ramadan and the Eif AlFitr. Monday's session closed with the benchmark shedding 22.9 points, thus falling to the level of 6,167 points, however the Weighted index and Kuwait15 index moved up, respectively 0.93 and 5.26 points.
Value of traded shares reached KD 7.79 million, while volume turnover stood at 75.4 million stocks, done in 1,946 transactions.