29/12/2011 11:49 AST
Main indexes of Kuwait Stock Exchange (KSE) closed in red on Wednesday, with the price index at the level of 5,786.8 points, losing 3.9 points. Following steps, the weighted index rose 0.1 points, reaching the level of 402.4 points.
Meanwhile, number of trades amounted to 1,849, value of traded stocks KD 22.2 million and volume of dealt-in stocks stood at 98.7 million.
The action at Kuwait Stock Exchange was in red at 9:42 a.m. Wednesday, with the price index down with 13.4 points, reading 5,777.3 points, the weighted index was also down 1.11 points, reading 401.19 points.
Trades came to 309 transactions worth KD 2.9 million and volume came to 17.4 million shares.
The indices of the Kuwait Stock Exchange were in red at 11:09 a.m. Wednesday, the price index was at 5,762.6 points, a drop of 28.1 points, while the weighted index was at 399.86 points, a loss of 2.44 points.
Trades came to 1,025 spot transactions, worth KD 9.5 million and volume was at 57.2 million shares.
In more news, Dubai's index made its largest one-day gain in two months on Wednesday in what traders said appeared to be end-of-year window-dressing, as most regional markets edged higher.
Dubai's benchmark climbed 2.1 percent, up from Tuesday's seven-year low, supported mainly by Emaar Properties which rose 2.8 percent and heavyweight Emirates NBD which gained 3.7 percent. Illiquid stock Mashreq bank jumped 7.4 percent, in year-end sporadic trade.
"There wasn't a major reason for the shares to drop and it wasn't due to companies' performances but investor sentiment," said Marie Salem, equity trader at Al Mal Capital.
"Investors might be taking the chance to improve closing prices without really increasing the cost, which means higher commissions and fees."
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