KSE indexes drop in early trades Monday

Main indexes of Kuwait Stock Exchange (KSE) dropped in early trades on Monday after closing the previous session in a mixed manner. Weighted index read 418.77, losing 0.32 points, price index stood at 5,872. 05, declining 6.7 points and the KSX 15 index was at the level of 1,022.96, with very limited drop, 0.59 points. Number of trades stood at 285, value of exchanged stocks KD 1,922,469.739 and volume exchanged shares reached 15,477,742. Downward trend of the national bourse, early today, followed mixed performance upon closing of Sunday's session, when the weighted index read 419. 09, gaining 1.16 points, but the price index fell to 5,878.75, shedding 9.55 points. The KSX 15 index, which reflects trading in blue-chips, also dropped to the level of 1,023.55, decreasing by 1.56 points. Number of trades, at yesterday's closing of the session, stood at 4,798, value of traded shares reached KD 25,013,269.117 and volume of the exchanged stocks 303,816,049. According to a report released by Bayan Investment Company on Saturday, the KSE continued its upward trend for the third week (the past week) in a row, buoyed by reports about expected government measures to tackle "imbalances in the national economy." The weekly report said the market has continued making gains amid growing purchase operations that almost covered all kinds of equities, particularly the leading and large-cap ones. Data showed that for the annual performance, the price index of KSE ended last week recording 1.27 percent annual gains compared to its closing in 2011. Oula Wasata Brokerage Company said in its weekly report that the market has ended trading last week up by one percent, which is the highest rise since October 18.