Kuwait stock market ends week trading on mixed note

The Kuwait Stock Exchange (KSE) ended the week trading with variance on its indices, a specialized economic report revealed Saturday. The report, by Bayan Investment Company, pointed out that the price index ended the transaction with an increase amounted to 111.3 points compared with that of the previous week to close at 6574.8 points, its highest benchmark in almost two years. It noted that the price index continued its upward journey for the ten week in row supported by the activity that accompanied the performance of many listed small-cap stocks, which witnessed purchasing and quick speculative operations. Meanwhile, the weighted index declined by 0.9 percent to close at 430.9 points against 431.8 a week earlier. The KSX-15 index decreased compared to the closings of last week. The report ascribed weighted index and KSX-15 index slight retreat came amid drop in the activity on some of large-cap and leading shares as well as the state of wait and see which still dominating the market. It argued that the fluctuation which dominates the market performance was mainly due to the huge number of speculation operations.