KSE indexes maintain downward trend

Main indexes of Kuwait Stock Exchange (KSE) maintained bearish trend in trading at around 10:30 a.m. on Monday. Weighted index read 418.04, losing 1.32 points, price index shed up to 18. 88 points falling to the level of 5,928.26 points. KSX 15 index stood at 1,010.82, losing 2.56 points. Number of trades reached 1,070, value of traded stocks KD 6,250,533.978 and volume of the exchanged shares, 48,952,188. With clock ticking for advent of the year 2013, the national bourse has largely maintained a lackluster atmosphere. Upon opening session of Monday, only hours ahead of closing of the 2012, the main indices of the stock market were all in red zones. Weighted index read 418.98, posting minor loss of 0.38 points. Likewise, the price index dropped to the level of 5,944.12, falling by 3.02 points. The KSX 15 index also decreased, losing 1.26 points, to the level of 1,012.12 points. Number of trades reached 65, value of traded stocks KD 507, 844.285 and volume of the shares that were exchanged amounted to 2,697,388. Operations at the KSE have been generally limited in the last days of the passing year, with analysts noting investors' wait-and-see attitude for companies' revelation of financial statements. The KSE, with reportedly a current capital market of some KD 27-28 billion, is one of the major stock markets in the Middle East.