Positive atmosphere prevails among Kuwaiti stock traders

Trading at Kuwait Stock Exchange (KSE) was generally balanced, over the past week, amid ongoing substantial liquidity, according to a report issued by Al-Oula Financial Brokerage Company on Saturday.  Effective plans by the State economic team with regard of re-activating the economy boosted optimism among investors.  Price index closed the week session at the level of 5,995.28 points, rising by 4.7, higher by 0.08, as compared to the closing of the week before.  Decision by the Central Bank of Kuwait to slash discount rate by 50 points, to two percent, also contributed to the upbeat atmosphere that coincided with government action aimed at pressing ahead with economic reforms and inciting investments.  This positive atmosphere is forecast to prevail, in the coming session, with expected new incentives and due financial declarations by the banks.  The report indicated that the stock market was mainly, and positively, affected with local factors, rather than external ones.