Kuwait-Mubasher: The Kuwait Stock Exchange (KSE) is expected to be more positive during February in line with expectations market liquidity will grow through 2016, said technical analyst Bader Al-Otaibi.
Al-Otaibi noted that KSE may join emerging markets.
The KSE is currently being supported at 5089, 5070, and 5053 points respectively, the technical analyst added.
The main index is facing resistance levels at 5,142 and 5,160 points respectively, while its short-term targets are 5,344 and 5,617 points respectively, he noted.
The analyst expected oil prices to rise to $50 per barrel.
