Kuwait – Mubasher: The price index of Kuwait Stock Exchange (KSE) went down 0.91% or 48 points to close at 5,240.19 points on Monday.
The weighted index fell 1.1% or 4 points to close at 362.49 points, while KSX 15 index sagged 1.31% or 11.41 points to close at 857.43 points.
The Kuwaiti market’s declines came simultaneously with a statement by the central bank warning that Kuwait’s credit profile might see more rating cuts, if the government failed to maintain the state’s financial robustness.
The price index will gain major support at the levels of 5,280 and 5,265 points, said technical analyst Faisal Abo Shari.
The market total trading value reached KWD 14.13 million, with 170.51 million shares changed hands.
