Kuwait Stock Exchange benchmark bleeds more than 200 points

Benchmark of Kuwait Stock Exchange (KSE) shed more than 200 points in Sunday's session, thus remaining below the 7,000-point "psychological barrier."

The KSE price index, in the middle of the week's first session, today, shed 205.8 points, moving lower than the level of 6,780 points.
The other main idices followed suit, with the weighted index losing 8.74 and Kuwait 15,16.01 points.
Value of traded stocks amounted to approximatley KD 18.1 million and volume of exchanged stocks, some 130.9 million, covering 2,719 deals.
Over the weekend, Al-Oula brokerage company released a report, summing up the Kuwaiti stock market conditions in the past week, saying in part that generation of profits, shifting investment funds from one portfolio to another and hefty speculations played major role in pushing the Kuwait Stock Exchange (KSE) indexes down in the past week sessions.
It noted that the benchmark dropped below the psychological barrier, 7,000 points, however, stocks under the Kuwait-15 index remained largely unaffected, though it fell, in the week's third session, by 107 points -- the deepest decline in this year's record.
Elaborating on the past week's operations, Al-Oula also wrote that the market closed trading on Thursday with fall of the three main indices. The price index shed 39.9 points dropping to level of 6,986, while the weighted index lost 2.29 points. Likewise, the Kuwait-15, 9.49 points.