By: Mahmoud Gamal

Kuwait – Mubasher: Boursa Kuwait is expected to continue its decline, amid fears over the possible suspension of trading the shares of some companies which did not announce their annual financial results yet, analysts told Mubasher.

The price index is likely to face resistance at 6,840-6,940 points, technical analyst Hassan Al Kandari said.

The market will continue its positive performance and give an entry signal if the main index breaks above 6,890 points, Al Kandari added.

March’s trades are pivotal to the bourse as investors await the main index to give an entry signal to be able to increase their positions, financial analyst Ayed Dhafiri said.

The general index is likely to break above 7,000 points next month on the back of the good financial results of banks and many major firms, Dhafiri added.

Translated by: Julian Nabil