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KSE witnesses hefty purchasing of medium chips
April 13, 2016, 5:18 pm
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Kuwait Stock Exchange (KSE) closed Wednesday's session on positive note, where hefty purchasing targeted medium chips of 100-300 fils value, reflecting on the main indices that settled in the green zone. Operations from the start were distinguished with dominance by the cheap chips, prompting groups to scramble into engagement in acquisition spree -- namely Byar, Sukuk, Al-Mal, Investors and Adnec, mostly trading in chips under 32 fils of value.

The market continued to interact with rumors, unleashed by some speculation groups, namely with respect of forecast profits by banks. Financial disclosures by some listed companies contributed to boosting the operations. The market closed with a rise in its three main indices, as the price index gained 31.1 point reaching 5,306 points, the weighted index rose by 3.1 points and KSX-15 by 9.03 points. The value of traded shares was KD 17.5 million, the volume of shares was 249,1 million traded through 5,052 transactions. (US dollar = KD 0.301). The top gainers were (MENA), (KINS), (ALDEERA), (ALMADINA) and (INJAZZAT), while the top volume stocks were (ABYAAR), (INVESTORS), (ALMAL), (SOKOUK) and (ALSALAM).

Source: KUNA

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