By: Ahmad Awad
Kuwait-Mubasher: The Kuwaiti bourse suffered losses during early trades of Sunday, following the low oil prices and Iran announcing the pump of 500,000 barrels a day after lifting of its sanctions. Thus, this production will exacerbate global oversupply.
The price index of Kuwait Stock Exchange (KSE) retreated 3.21% or 168 points to reach 5,097; approaching below 5000 points.
Investors have neglected 75 shares on Sunday, as 60% of the shares did not receive purchase orders. About 109 shares decline, 14 remained unchanged, while only 4 shares rose.
Liquidity reached KWD 19.8 million, as 131 million shares were exchanged through nearly 2,300 deals.
