KUWAIT: The Kuwait Stock Exchange (KSE) main indices are expected to fluctuate up and down throughout this week due to suspension of companies that have failed to make their financial disclosures for the year's Q3 as scheduled, according to analysts.

The market is forecast to witness fall of value volume, which grew the past week and contributed to lifting the capital value by 1.87 percent to reach KD 26.3 billion. Hamad Al-Hajeri told KUNA the market usually witnesses instability in the end of fiscal seasons, noting that the companies' suspension would impact negatively on the investors' psychological condition.

These defaulters are the same who had failed to make the announcements on time in the past, Al-Hajeri said, calling on "the competent authorities" to investigate their status.

His fellow Mohammad Al-Tarrah said in remarks to KUNA that the issue of companies' suspension has been witnessed in the market since 10 years ago, noting that some of them could not restore their normal condition since break-out of the global financial crisis. Bulk of their stocks are below 100 fils in addition to their inactive shares.

The KSE closed trading yesterday with the benchmark dropping by 66.3 points to 5,700 points, the weighted index went down 5.08 points, and KSX 15 was also down by 14.22 points. Value of traded shares stood at KD 17.8 million, volume of exchanged stocks some 137.7 million, done in 3,398 deals. -KUNA