Kuwaiti bourse’s weekly bets to become speculative

Kuwait-Mubasher: Kuwait stock Exchange (KSE) is expected to see speculative trades, tactic sales, with investors showing a bearish tendency during the first week in April, said technical analyst Faisal Boushahri.

On Sunday, speculative bets will be carried out against attempts be the merkets to hold steady backed by a set of investors, the analyst said. He noted that KSE’s benchmark index will target 5,201 points at which it will hold firm for a short period of time then continue to fall.

In light of the above, Boushahri has advised investors to be cautious.

MUBASHER Contribution Time: 03-Apr-2016 06:05 (GMT)