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Mahmoud Shendi wrote:
The Kuwait Stock Exchange (KSE) closed yesterday on a collective decline in indices due to geopolitical tensions in the region and the fear of traders of the impact and repercussions of the US-US trade war. China, which affected all global financial markets, and fear that it will turn into a total economic war The decline of 19.9 points to close at 6706.8 points, while the main market fell by 6.5 points to close at 4565.8 points.
Under the effect of selling pressure, the overall index lost 15.6 points to close at 6086.5 points, while the market value of the stock market lost 87.6 million dinars for reaching the level of 35.2 billion dinars, indicating a fear of fluctuations in global financial markets, while the liquidity of the stock market fell by 34.1%. The volume of transactions fell 40.3% to 100.65 million shares against 168.54 million shares on Monday.
Declining and profit taking are market opportunities to catch your breath after a good financial situation, but fear that fears will continue and exacerbate panic and random selling to avoid financial risks that could push the market to spawn further declines and losses that can be difficult to offset.
The six-sector indexes posted declines, most of them in the lead, with banks losing 0.24%, communications 2.6%, sector 0.6%, financial services being least affected, and index having fallen by 0.18%, technology indicators of about 9.8%, followed by real estate insurance recorded the lowest growth rate of 0.12%.
Markaz was the main winner of the red list, down 10%, Manazel topped the green list, up 10%. Zain was the most active stock, losing 0.84%, or Arzan topped volume of 11.98 million shares traded, down 1.06%.
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