Kuwait-Mubasher: Kuwait Stock Exchange’s first session during the week ended 10 March witnessed good growth levels after the three indicators went up, supported by active purchasing activities, according to a recent report by Bayan Investment.
Buyers bet on a mix of penny stocks and operational stocks, amid an increased trading activity with the largest trading volume in more than nine months.
Cash liquidity gained 66.05% as compared to the previous week’s end session, backed by some positive factors including increased oil prices and corporate reporting for 2015, Bayan added.
“By the end of last week, the number of the companies that disclosed their 2015 financial results reached around 98 companies, representing 52.13% of the188 listed companies,” according to the report.
KSE’s market capitalisation reached KWD 24.36 billion by the end of last week, 1.59% higher from its level a week earlier, when it posted KWD 23.98 billion.
