Kuwait stock exchange forecast to witness mixed performance

Kuwait Stock Exchange (KSE) is forecast to witness in forthcoming sessions mixed performance due to various reasons namely planned financial statements by the listed companies. The largely forecast lackluster atmosphere is also attributed, according to analysts, to absence of the "market makers and speculations on operational stocks of less than 100 fils." They attributed the market instability in the latest sessions to obvious strategy alteration by some portfolios as a prelude "to a tactical phase in March, based on profit generation." Managers of some funds and portfolios had sought to generate some hefty proceeds for the clients, with "selective moves," however a general wait-and-see attitude remained predominant. Last week, the KSE witnessed some robust speculations thus leading to sell-offs of various stocks. This was simultaneous with noticeable trades' decline as compared to the January operations. The KSE settled at the last session with the price index reading 35.3 points, closing at 7,692.7 points, in trades of 220.3 stocks. The shares were traded in 4,745 cash operations, valued at KD 26.14 million.