News Column

KSE ends trading week slightly down on profit-taking

August 14, 2014

KUWAIT, Aug 14 (KUNA) -- The Kuwait Stock Exchange (KSE) ended the trading week slightly down on Thursday due to waves of profit-taking of several shares that were on the rise over the two previous weeks. Noticeable today were the rise in the volume of traded shares, the first in the market over a long time, and the uncertainty regarding the acquisition of a Saudi company of a leading Kuwaiti group, which caused worry among traders on the latter's shares.

Today was the end of the legal deadline for companies to announce their financial results of the Q 2, which raised fears among traders that some shares might be suspended as of Sunday session. This led to disparity of performance during today's session.

Some shares of the KSX 15 had a strong performance today, contributing to the total value of trading. For the second successive week, popular stocks were the locomotive of the market, due to the rise of profit-taking operations for most shares under 100 fils, especially during the last coupe of minutes. (end) mka.abd. msa

All KUNA right are reserved

For more stories on investments and markets, please see HispanicBusiness' Finance Channel

Source: Kuwait News Agency

Story Tools Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters