Kuwait hefty stock purchase marked past week trading

Trading at Kuwait Stock Exchange (KSE) witnessed over the past week noticeable inflow of liquidity targeting listed stocks, contrary to forecast bearish trend. Weekly report of Al-Oula Financial Brokerage Company, released on Saturday, said hefty purchase spared the market predicted losses, at start of the week trading, as speculations targeted a large number of small stocks, whose prices doubled within a short period of time. Traders with strategic tendencies resorted to stock purchase and abstained from speculations, the report said, noting that the market would need to cool off for sake of restoration of balance, also predicting corrections in upcoming sessions. Trade value rose, in the end of the week sessions, reaching KD 92 million, for the first in the third quarter of the year since 2010.