Kuwait Stock Exchange benchmark falls further

Benchmark of Kuwait Stock Exchange (KSE) maintained a downward trend for the second consecutive day on Monday, dropping by 3.04 points and reaching 67.49 points, slightly lower than the closing level of Sunday's session.
However, the weighted index moved upward, posting marginal gain of 1.16 points.
The third main index, Kuwait 15, which reflects trades in blue-chips, also turned bullish, gaining 5.02 points.
Value of traded shares amounted to KD 1.85 million, volume of exchanged stocks 31.5 million, done in 537 transactions.
Yesterday's session, the last one of the past month saw the indexes settling on red boards, a record bearish trend largely attributed to declining oil prices and OPEC's decision to maintain the output ceiling.
The Kuwaiti press today highlighted the KSE conditions on the front pages today, noting that the developments in the oil sector have also negatively affected other GCC bourses.
The KSE ended Sunday's session with the benchmark plummeting to the level of 6,752 points, way lower than the long-held 7,000-point "psychological barrier." The price index continued bleeding till last moments of closing the first week's session, shedding up to 233.8 points.