Portfolios, investment funds performance still limited at KSE

KUWAIT, Sept 14 (KUNA) -- Financial analysts said the performance of the financial portfolios and the investment funds at the Kuwait Stock Exchange (KSE) is still limited, though they lead trading, either up or down.
A host of control rules have to a great extent restricted the performance of investment funds, and that of portfolios is limited regarding the opportunities available on the market, said two analysts interviewed by KUNA.
These tools have been confined to selective opportunities and times of trading boom, analyst Adnan Al-Delimi, said. He added that national portfolios create a sort of go-go among other portfolios, usually managed by lading investor groups.
"The Kuwait Investment Authority (KIA) has been trying to revive the role of some funds, but with no real effect due to the lack of adequate funding and control measures imposed on them, together with absence of favorable opportunities." At present, investing at KSE is more favorable for individuals rather than for funds that lack liquidity, said analyst Mohammad Al-Tarrah. Some of these funds seek opportunities in other Arab Gulf markets "There are several licensed shares traded at lowest rates, and the same applies to many portfolios," Al-Tarrah said, referring to expectations for a bigger role by all these tools of investment.
Meanwhile, fluctuations continued to dominate the performance of several sectors at KSE on Sunday, the first day of the trading week, amid noticeable decline of traded value. The KSE main indices settled in the green zone, however. (end) mka.msa