By: Mahmoud Gamal
Kuwait-Mubasher: Kuwait Stock Exchange (KSE) is projected to witness a positive rebound at Thursday’s session, capital market technical analyst Talal Al-Azmi told Mubasher.
The price index fell to 6395.44 points on Wednesday, dropping by 438.42 points or 0.23%. KSE weighted index lost 0.23% to 438.42 points, while the Kuwait-15 index retreated by 0.11% to 1062.31 points.
Al-Azmi noted that KSE decline for the fifth session in row is mainly attributed to high selling pressures on all stocks.
Approving the new amendments to Capital Market Authority’s law on 24 March is expected to push the index upward, said the technical analyst.
Al- Azmi added that the Kuwaiti market will likely rebound upward and target the 6422-6430 points.
Translated by: Julian Nabil
