KSE end year in green

30/12/2011 08:06 AST

Main indexes of Kuwait Stock Exchange (KSE) closed in green on Thursday, with the price index at the level of 5,814.2 points, losing 27.4 points. Following steps, the weighted index rose 3.22 points, reaching the level of 405.62 points.

Meanwhile, number of trades amounted to 2,097 value of traded stocks 31.3 million Kuwaiti dinars and volume of dealt-in stocks stood at 133.7 million.

The action at Kuwait Stock Exchange (KSE) was in green at 9:30 a.m. Thursday, with the price index up with 3.5 points, reading 5,790.3 points, the weighted index was also up 0.17 points, reading 402.57 points.

Trades came to 402 transactions worth KD 6.8 million and volume came to 26 million shares. The indices of the Kuwait Stock Exchange were in red at 11:01 a.m. Thursday, the price index was at 5,782.8 points, a drop of 4 points, while the weighted index was at 401.92 points, a loss of 0.48 points.

Trades came to 1,058 spot transactions, worth KD 13.3 million and volume was at 65.2 million shares.

In more news, most Gulf markets ended the year in deep losses on Thursday, with the exception of Qatar and Saudi Arabia, after grappling with shaken local confidence and concerns over the unresolved euro zone debt crisis.

The Arab spring revolts hit Gulf bourses early in the year but they managed to recover the losses as local governments dished out large handout to stave off unrest, including 93 billion US dollars in social spending announced by Saudi Arabia in March.

The euro zone debt crisis and a fragile state of United States economy has kept foreign investors at bay, while local investors also cut risk in equities.

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Agencies