Kuwait stock exchange ends trading week with modest results

Major stocks seemed to attract institutional investors while minor ones got the attention of individual investors during the trading week ending last Thursday at the Kuwait Stock Exchange (KSE), concluded a report issued Saturday. The overall attitude of investors and traders was to keep a low profile pending the appearance of last quarter's financial statements by most major companies, said the report by Al-Oula Brokerage Company. There was a noticeable rise in the flow of liquidity throughout the trading week up until Wednesday when major market shakers and movers seemed to concentrate on collecting profits and bide their time until they took a look at companies' last quarter financial standings, said the report. The market's Tuesday session saw heavy trading on a handful of distinct shares, especially those of Burgan Bank (KD 9 million's worth of shares) and of Gulf Finance (KD 7 million), noted the report while stressing the notion that small investors bought to a large measure shares with values below KD 0. 0100. Though the market's price index has been moderately on the rise since the start of January, it has been less robust than those of other Gulf states' stock markets, in a great part due to institutional and individual investors' fuzziness regarding governmental policies on incentivizing the national economy, said the report.