By: Mohamed Farouk
Kuwait-Mubasher: The Kuwaiti bourse ended Wednesday’s trading session in a good performance amid diversified trading on blue chips and penny stocks, said economic analyst Nawaf Al Shaya.
The rising oil prices, which reached $40 per barrel, delivered good incentives to investors to resume trading, Al Shaya told Mubasher.
He added that the announced financial results are good so far; however, a negative trend may overcome traders as several companies delay the announcement of their financials.
On the benchmark index level, the resistance lies at 5,280 and 5,350 points which will lead to 5,414 points as a first target; the weighted index is currently facing resistance at 367 points which will lead to 370 points.
