Most of the opportunities this year are in second-liners and speculative issues which will continue until end of the year or until we see the blue-chips
start to perform better," said Chris Mangun of Eagle Equities Inc.
Profit generation persisted targeting some stagnant companies, which moved down for the fourth session in a row, amid stability among the blue-chips
. The week final session tomorrow is forecast to witness further pressure and profit bagging, due to abundant liquidity Boursa Kuwait, formerly known as Kuwait Stock Exchange (KSE), plummeted at the end of Wednesday trading with the benchmark going down by 96.7 points to 6,788 points.
Profit-booking in blue-chips
after early gains, caution ahead of earnings announcement from more key corporates and further weakening of the rupee, which again breached the 68 mark against the dollar also took its toll.
led the decliners, with Housing Development Finance Corp Ltd ending down 7.8 per cent, while ITC Ltd lost 3.1 per cent.
CAIRO: Egyptian shares dipped for a second day on economic worries, with most blue-chips
falling after the government said economic growth would be slower and the budget deficit wider than previously forecast, traders said.
Comments from cartel Opec that oil could reach EUR170 a barrel this summer combined with fresh concerns over inflation from the Bank of England and the US Federal Reserve in a miserable session for blue-chips
Comments from the Opec cartel that oil could reach EURUS170a barrel this summer combined with fresh concerns over inflation from the Bank of England and the US Federal Reserve in a miserable session for blue-chips
Among the top 10 blue-chips
, the highest gains were posted by Saudi Electricity Company and Saudi Arabian Fertilisers Company as they rose 3.7 per cent and 2.4 per cent respectively.
have caught the downbeat mood from the US where concerns continued over the increasing default crisis in the US sub-prime mortgage market, as well as tougher borrowing conditions for corporate lending, which has threatened to undermine merger and acquisition activity.
Tokyo stocks opened higher Tuesday as investors bought major blue-chips
after a sharp rebound in U.S.
SHANGHAI, Safar 22, 1438, Nov 22, 2016, SPA -- China stocks advanced to a fresh 10-1/2 month high on Tuesday, helped by a strong rally in blue-chips
, in particular financial and energy shares, after U.S.
Weighted index inched down by 0.52 points and Kuwait-15 index, which reflects trades in blue-chips
, performed similarly incurring marginal loss of 0.71.