LOC14:55
11:55 GMT
KUWAIT, July 26 (KUNA) -- Sunday's trading at the Kuwait Stock Exchange (KSE) was passively affected by selling pressures, disparities and speculations which led the main indices to close in the red zone.
Weak liquidity at KSE dragged on today, a trend that has been dominant since the fasting month of Ramadan, despite moves by some investment portfolios targeting operational shares over 500 fils.
It was clear that the market was moving slowly due to almost deliberate absence of some major makers, which opened door for speculators. The market also lacked incentives that could support traders' orders.
In addition, selective buying continued during Sunday session on stocks less than 100 fils.
Today, Weighted Index lost 1.73 points to 422.68 points, the Price Index shed 4.66 points to reach 6,281.84. KSX 15 lost 2.9 points, to 1,025.39 points
The number of trades was 2,850 with a value of 10,330,301.29 and a volume of 106,048,731.
The top gainers were (GGMC), (EDU), (ALMADINA), (SAFWAN) and (ALRAI), while the top volume shares were (ADNC), (ALMADINA), (ALMAL), (HITSTELEC) and (INVESTORS). (pick up previous)
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