By: Mohamad Farouk
Mubasher: The indices of Boursa Kuwait are expected to continue their positive volatile performance this week until the Eid Al Adha holiday, technical analyst and consultant Nawaf Al Oun told Mubasher.
The coming period will offer opportunities to build positions on both the short- and medium-terms for expected rises after the holiday, he added.
Boursa Kuwait is forecast to register higher volume in the coming period in line with a higher daily liquidity for both small caps and blue chips, Al Oun added.
Small caps and medium stocks started to witness selective buying by portfolios and funds of stocks with fair financials for the second half of this year, he said.
Al Oun noted that the benchmark price index is still targeting the level of 6,980 points on the short-term, which is expected to be reached before the holiday. The next target lies at 7,117 points, with resistance at 7,091 points, which will be the highest level since the beginning of 2017.
