Kuwait's stock market incurs losses

Kuwait Stock Exchange (KSE) ended last week in the red zone due to absence of incentives and anticipations regarding parliamentary debates on amending the Capital Market Authority's law, Al-Oula Financial Brokerage Company said in a report on Saturday.
The market closed with decline by the three main indices. Price index dropped 11.8 reaching 6,550 points, weighted lost 1.67, likewise Kuwait-15 index, 5.17.
Trades were jittery, with hefty sell-offs of "popular chips," while blue-chips oozed heavily. In the week's second session, the benchmark shed up to 35 points as a result of speculations and hefty selloffs.
In Tuesday's session, the price index bearish inclination came to a halt, while pressure on the blue chips contributed to lowering the weighted and Kuwait-15 indices, as liquidity posted record fall, reaching KD 14 million.
KSE indices closed Wednesday's session in a bullish manner, buoyed by selective trading on the indexes, generally, however liquidity continued dropping to reach KD 13.7 million.
The market lacked "technical incentives," Al-Oula report said, noting that recent motives, such as corporates' revelations were, generally, no longer attractive.