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Kuwaiti market seen to remain in red zone

Kuwaiti market seen to remain in red zone
Photo Credit: Arabianeye-Reuters

The Kuwait Stock Exchange is expected to stay in the minus column while speculators control a low-liquidity market on Wednesday, said capital market analyst Faisal Boushahri.

The analyst noted that the price index should face resistance levels at 6241, 6243, and 6256 points. Meanwhile, the support levels are seen at 6233, 6210, and 6187 points.

On Tuesday, the Kuwait Stock Exchange’s price index retreated 0.39% or 24.23 points to close at 6,235.47 points. The weighted index fell 0.88% or 3.73 points to 418.70 points, additionally, Kuwait-15 index dropped 1.18% or 12.17 points to 1,015.99 points.