Optimism rules for second day at Kuwait stock exchange

For the second day in a row, Kuwait Stock Exchange (KSE) has been witnessing an upbeat trend where the leading blue chip shares have been attracting much attention, leading to an uptick in the overall value of traded shares, reaching a respectable KD 30 billion. Despite that, there is still caution among portfolio and investment fund managers in executing buy orders leaving the field wide open to market speculators to carry out purchase orders which translated at the end of today's session in the completion of 7027 cash transactions. The market's optimistic performance today was in the main generated by traders clamoring on cheap shares costing between 50 to 300 fils a share. Today's session saw the exchange of more than 326 million shares with most sectors gaining, albeit slightly, except for the health sector which was not so lucky. It is expected that tomorrow's session will likely see brisk purchasing of leading blue chip shares.