News Column

Kuwait : KSE drops 5.07pts in lackluster trade on MAY 04

May 6, 2014

On May 04, Sunday, Kuwait shares eased after registering modest recovery in the earlier session.

Even as investors toed the sideline in the lack of catalysts, KSE dropped 5.07 pts in lackluster trading to end at 7425.88 pts.

The stock exchange had been downbeat in April even as the revenue failed to buoy the sentiment.

While weighted index fell 1.43 pts, the KSE 15 benchmark eased 4.83 pts to 1198 pts trimming 2014's gain to 146 points.

In the mean time, the volume turnover fell to hit a seven-week low.

131.88 million stocks were traded down by 36.24 pct from the earlier session.

The industries ended mixed. Oil and gas surpassed the rest with 0.86 pct growth while telecommunications shed 1.10 pct, the major loser of the day.

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Source: TendersInfo (India)

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