Kuwait-Mubasher: Kuwait Stock Exchange (KSE) has suffered losses in the past week, as investors were shocked and performed rapid exit by selling at low prices, said financial consultant Adnan Al-delimi.
The market has ‘slipped’ and exited the sideway performance it has been witnessing, the analyst noted, adding that 2016 is forecasted to be worse.
KSE is in need for support which would be received from the Capital Markets Authority in case of changing its view to the bourse, and from motivational moves that would activate trading, and from the effective role of the national portfolio for purchase.
Al-Delimi added that the state-owned assets should be supported, as well as encouraging banks to finance investors in order to enter the market and acquire operating stocks.
On STC’s deal level, the analyst clarified that Viva stocks are still traded at 990 fils, as the sale period will expire by the end of January. He added that the offered price is 25% lower than the stock’s fair value.
