May 28 2011 |
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Kuwaiti stock market continues four-week drop
KUWAIT, May 28 (KUNA) -- The Kuwait Stock Exchange (KSE) continues to drop for the fourth week, recording hard-felt losses to its indexes as a result of the absence of positive incentives, witnessed in the low liquidity averages, a financial report said on Saturday. The heavy drop is due to a wave of random purchases of leading shares, speculations and profiteering that is targeting the investment and real estate sectors, a report conducted by Kuwaiti-based Bayan Investment said. The market's liquidity recorded a significant drop in a number of daily sessions, amid a low number of transactions leading to weak demand. Since last week, five of the market's sectors recorded drops, with only the remaining five recording rises. The biggest losing sectors were the investment, real estate and banking sectors.Zawya Comment Policy
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