Kuwait stock exchange indices in the red during last week

Kuwait Stock Exchange (KSE) ended last week's trading, with all its major indices in the red zone, a specialized economic report said Saturday. The report released by Bayan Investment Company showed that the price index dropped 0.79 percent, the weighted index decreased by 0.80 percent, whereas the KSX-15 index closed at a dip of 1.22 percent. The price index ended the third week of November below the 7900 points level due to quick speculative operations and increase of sale-for-profit operations which influenced the trading activity all week, it said. The sale-for-profit activity was seen through operations done on dominant and and non-dominant shares alike. KSE last week's performance saw a rise of 13.5 percent despite the decrease of its three major indices, the report noted. The bourse's current performance is affected by weak political and economic stimulus; in addition, to the investment funds desire to keep trading at this level until this year is over. Bayan Investment Company was established in 1997. It aims at carrying out all direct investment operations for its own benefit and the benefit of its clients in various economic sectors with promising investment horizons, in addition to providing various consultancy and investment services needed by the business community.