By: Mahmoud Gamal
Mubasher: Boursa Kuwait is expected to have a sideways-upward performance during this week in line with the decrease in liquidity amid the attractive levels shares have reached, analysts told Mubasher.
The market is projected to remain positive in the medium-term, with new expected liquidity and a rise in Boursa Kuwait’s indices, capital market analyst Ayed Al Dhufairy said.
The market is expected to see volatility during the week in line with fluctuation between the levels of 6,580 points and 6,775 points, technical analyst Hassan Al Kandry said.
He added that the first target for the index is to exceed the resistance level of 6,775 points to reach the 7,000-point level.
The price index is likely to have resistance at 6,825 points and 6,940 points, reaching 7,255 points as a second target, the analyst noted.
