Kuwait stock exchange suffers 5% loss in last week trades

Kuwait Stock Exchange (KSE) suffered a loss of five percent in last week's trades, Al-Oula Brokerage Company reported Saturday. Al-Oula's weekly economic report said that KSE closed with the main indices in the red zone. The weighted index slipped 1.39 points, the price index lost 75.09 points and the Kuwait 15 index dropped 1.65 points. Last week trades reflected the bourse's performance during the month of August which was prevailed by a state of fluctuation, poor liquidity and dominance of individual traders. Kuwait's main index dropped 2.92 points on Tuesday when sale operations surpassed purchase operations due to the renewed tension in the Syrian front where speculations have risen to a likely US strike on Syria for the latter's use of chemical weapons. The report also indicated that most of the region's markets have witnessed a drop in last week's trade due to the security and political tension in the region.