Kuwait-Mubasher: The recent news spread about Saudi Telecom (STC) seeking to acquire the remaining stake of Kuwait’s Viva will surely be boosting the performance of Kuwait Stock Exchange (KSE) for the coming weeks, said capital market analyst Adnan Al-Delimi.
The Viva news helped in raising the market capitalization by KWD 200 million in one day.
Thus, KSE will see better liquidity and sentiments from investors, added the analyst.
Al-Delimi noted that the banks’ sector has achieved a 12.6% growth in consolidated earnings to KWD 680 million; however, the performance of some banks was weak.
Also, Japan has entered a recession period as a negative trend affected two successive quarters. Thus, possible risks can impact both developed and developing countries, noted the analyst.
The analyst clarified that capital markets get easily affected by the unclear US interest rate news.
