Lackluster atmosphere continues to grip Kuwait stock exchange

Kuwait Stock Exchange (KSE) closed the past week trading with the main indices in the red zone and the Tuesday session posted the lowest fall since four months ago, according to Al-Oula brokerage company. Al-Oula, in a report released on Saturday, indicated hefty stock sales and speculations, with the price index closing bearishly at 49.86 points reaching 7,217.69, but the weighted index ended the trading with a rise of 2.7 points, settling at 444.21 points. The Kuwait 15 index, which reflects trading in blue-chips, also increased 8.2 points to the level of 1,042.12 points. The report noted that jitters resulting from anticipations regarding the super powers' planned military strike on Syria largely affected the market, noting the losses were mostly in small chips' deals, amid the prevalent lackluster atmosphere. It put the market losses since last week of the past month at 11 percent, noting most profits posted by the leading stocks in recent months were wasted. The report also indicated that Warba Bank's joining of the market trade did not lead to aspired positive results, and the regional political factors remained dominant.