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Profit-taking operations, disclosures dominate KSE

KUWAIT: Kuwait Stock Exchange (KSE) closed yesterday’s session with the main indices moving downward, amid an anticipation of disclosures of some companies, remarkable movements of investment shares and profit-taking operations. The market at the end of this week’s trading witnessed continued speculations on many shares with operating performance which rose during yesterday’s sessions due to an anticipation of many dealers for disclosures of some companies for the performance in the fourth quarter of last year. There were differences of some shares of the Kuwait-15 Index due to selling pressures.

Dealers interacted with news of some listed companies published on their websites, especially that is related to distributions, deals or contracts which help dealers take their future decisions. Trading of this week saw continued speculations on shares, whose value are above 50 fils, which rose in previous sessions of the week’s trading. Price index read 5,140, losing 5.32 points, followed by weighted index, which lost 2.28 and Kuwait-15 which declined by 8.41. Value of traded shares reached some KD 11.3 million, share turnover approximately 150.7 million, done in 3,462 deals.

US dollar stable
In another development, the exchange rate of the US dollar was stable against the Kuwaiti dinar at 0.298 while the euro rate was down to KD 0.322, said the Central Bank of Kuwait (CBK) yesterday. The CBK said that the Sterling pound was stable at KD 0.427 while the Swiss franc was down to KD 0.301. The Japanese yen still remained at KD 0.002. – Agencies

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