Trades at KSE in Wednesday's session largely selective

KUWAIT, Feb 10 (KUNA) -- Trades at Kuwait Stock Exchange (KSE) on Thursday were largely selective, coupled with profit-taking involving cheap chips.
Individual and group traders targeted stocks of groups, namely the National Investment group, in the wake of Americana's sale, stock of which continued to be lucrative for the fourth day in a row.
Meanwhile, limited-cash investors embarked on random sell-off spree due to buzzing rumors, spread by group speculators, particularly at these times, ahead of corporate financial disclosures of Q4 2015.
The investors also targeted listed stocks of companies, namely Kuwait Real-Estate Holding Company, after signing a tender for construction and maintenance of roads and intersections with a Chinese company, worth KD 108.8 million (USD=KD 0.298).
The KSE ended Wednesday's session in the red zone as the price index lost 15.93 points reaching 5,147.87 points, the weighted index inched down by 2.87 points reaching 351.85 points and the KSX 15 lost 9.2 points to stand at 830.82 points. Number of trades stood at 2,745, value of traded stocks at KD 8.8 million, while share turnover amounted to KD 90.5 million. (end) rk