By: Mahmoud Gamal
Kuwait – Mubasher: Analysts expected that Boursa Kuwait will keep its fluctuating performance with a rising trend this week, while waiting for new liquidity after the yields of Americana's deal and the companies' positive results.
Technical analyst Abdullah Al Zamil expected that the KWD 280 million paid for Americana's shares by Adeptio will be reinjected into the market in the next two weeks, which qualifies the market for new gains.
Listed weighted companies are likely to acquire about 70% of the paid cash of Americana's deal which will push the weight index towards a 5% rise in the coming period, Al Zamil added.
Boursa Kuwait is still technically good and is moving in an upward vertical trend on the medium-term between 6,342 and 7,110 points, technical analyst Hassan Al Kindary told Mubasher.
