By: Mohamad Farouk

Mubasher: The stock of Aayan Leasing dropped 7.94% or 2.7 fils to 31.3 fils on Monday.

By 11:50 am Kuwait time, the stock registered its lowest decline in about 18 months in line with the announcement of the negative turn in the income statements of both the fourth quarter and fiscal year 2017.

Aayan Leasing registered 6.4 million shares representing selling orders, while a total of 2.5 million shares represented the purchasing orders on the stock.

The drop of Aayan Leasing pushed the financial services sector to decline 1.1%.

Investors could accept the decrease in profits in case cash dividends are proposed,; however, incurring losses could be hard for the traders to perform active transactions, capital market analyst Moustafa Al Jarhi told Mubasher.

Reaching below the resistance levels 34 fils and 32 fils, respectively could lead to a continuous decline below the support level 30 fils, the analyst added.