All indicators but one on Kuwait Stock Exchange lost ground this
Thursday, May 09, 2002 - 07:00AM
KUWAIT (AP) -- All indicators but one on the Kuwait Stock Exchange closed the week down in what market analysts described as a ``correction'' to firm up the market's long-term stability.
The National Investments Co. said in its weekly report Thursday that the exchange's weighted index finished 0.25 percent higher at 151.13 points.
The price index lost 0.50 percent to close at 2,027.5 points, the report said. The volume of trading fell 16.1 percent to 803.22 million shares, and the value of these stocks slipped 23.7 percent to 163.5 million dinars (dlrs 535.71 million).
The report gave two reasons for the lower figures: the correctional movement and profit-taking on stocks that had reached record highs in recent weeks.
The exchange lists 90 companies, including 10 from neighboring states in the Gulf. It is open to foreign investors. de-jbm
Thursday, May 09, 2002 - 07:00AM
KUWAIT (AP) -- All indicators but one on the Kuwait Stock Exchange closed the week down in what market analysts described as a ``correction'' to firm up the market's long-term stability.
The National Investments Co. said in its weekly report Thursday that the exchange's weighted index finished 0.25 percent higher at 151.13 points.
The price index lost 0.50 percent to close at 2,027.5 points, the report said. The volume of trading fell 16.1 percent to 803.22 million shares, and the value of these stocks slipped 23.7 percent to 163.5 million dinars (dlrs 535.71 million).
The report gave two reasons for the lower figures: the correctional movement and profit-taking on stocks that had reached record highs in recent weeks.
The exchange lists 90 companies, including 10 from neighboring states in the Gulf. It is open to foreign investors. de-jbm