KUWAIT CITY, June 17, (KUNA): Kuwait Stock Exchange’s price index has slipped sharply in last week’s trading to hit its four-month low, a specialized economic report showed Sunday.
The report, by Oula Wasata Brokerage Company, said the index continued shedding points until it reached 5,900 points, its lowest level since last February.
It went on to claim that the political uncertainty, particularly the circulated rumours of an imminent government reshuffle has put pressure on investors, who prefer to await further developments on the matter before making a decision.
The report added that investors are also concerned about the application of new financial market regulations.

Last week’s trading was dominated by speculations on small to medium stocks, Oula noted.
It explained that investment portfolios as well as individual traders focused on selling operations to gain liquidity - a move that has gravely impacted on the market.
Moreover, a segment of listed stocks and major groups have failed to survive sharp declines.
The report pointed to other factors which negatively affected trading such as the absence of speculative purchasing power and incentives.