Kuwait- KSE Price Index Continues Upward Trend for 9th week in a Row /Corrected Repeat/

An economic report said Saturday that the price index continued to be on an upward trend for the ninth week in a row due to trading speculation on small and midsize shares at Kuwait Stock Exchange (KSE).

A statement by Bayan Investment Company, carried by Kuwait News Agency (KUNA) said that the weight and KSX 15 indices were not as lucky, with both failing to rise due to profit-taking operations on leading and operating shares.

The price index was bolstered through purchasing operations focusing on small shares within the finance and real-estate sectors which led the index to hit its highest level in three months, said Bayan, adding that process also led to the flow liquidity in KSE last week.