Kuwait – Mubasher: The Kuwait Stock Exchange (KSE) indices retreated collectively on Tuesday on selling pressures by speculators as well as profit taking.
The benchmark price index slide 0.60% or 32.45 points to close at 5,398.02 points.
The weighted index eased 0.17% to close at 350.59 points, while KSE 15 index lost 0.10% to close at 813.76 points.
“The benchmark is adopting downside trend on the current selling pressures over the stocks prices,” said Mohamed ELShemirly, technical analyst.
The investors’ sentiment effected to great extent by the recent remarkable fluctuations in the oil prices, which pushed them to sell stocks especially the major ones in the market, added the analyst.
The market witnessed 59.22 million shares changed hands worth KWD 4.36 million.
