By: Mahmoud Gamal
Mubasher: Analysts' views differentiated concerning the performance of the Kuwait Stock Exchange (KSE) last week, amid conflict between selling and purchasing powers due to internal factors, such as the negative results of Al Enmaa Real Estate.
KSE indices will see the same mixed note of last week in the coming sessions, analyst added.
Approaching the annual closing and the negative results of Al Enmaa Real Estate, would have negative impact on Kuwait Finance House and subsequently on the market overall, technical analyst, Abdullah Al Zamil, told Mubasher.
Al Enmaa Real Estate Company showed losses of KWD 9.37 million in the fourth quarter of the year, which would make KFH suffer KWD 9 million losses in Q4, Al Zamil added.
On the other hand, technical analyst, Ayed Al Zafery, sees that KSE witnesses a big enhancement phase, amid scheduling debts of some companies and the return of acquisitions in the market.
Translated by: Sara Ghali
