Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.65 percent, while the weighted index advanced by 0.71 percent compared to the closings of the week before. Furthermore, last week's average daily turnover increased by 5.11 percent, compared to the preceding week, reaching 35.04 million Kuwaiti dinars, whereas trading volume average was 308.67 million shares, recording decrease of 2.23 percent.
The market managed to come back to the green zone after two weeks of consecutive losses. The market was supported by the buying trend on some leading stocks, especially in Banking and Services sectors. The quick speculations, which concentrated on Real Estate and Investment sectors, participated with a positive effect.
Moreover, KSE performance marked with hesitation as a result of some profit taking operations, which pushed the market indices to close in the red zone in some session. In addition, last minute trading had a great impact on the positive closings during last week.
By the end of the week, the price index closed at 6,188.9 points, up by 0.71 percent from the week before closing, whereas the weighted index registered a 0.65 percent weekly gain after closing at 412.43 points.
New mortgage rules to drive UAE property boom
The new property mortgage cap by the UAE Central Bank, which came into effect this week, will deliver more stability to the property market but further measures to curb the negative impacts of specu
Local retail investors’ net buying of QR66mn lend support to the QE 20-s
UAB-Turkey firms deal
United Arab Bank, or UAB, the fastest-growing bank in the Middle East, has set up a dedicated desk to support Turkish businesses in the UAE, in a quest to become the preferred local bank for the Turk