The Kuwait Stock Exchange (KSE) benchmark ended last week's trade near the resistance levels of 6,420 and 6,333 points and expected to extend its upside trend this week, said technical analyst Badr Al Druze.

The analyst pointed out to five stocks that are likely to show positive performance this week; topped by Coast Investment and Development which closed above the resistance level of 59 Kuwaiti fils at the end of last week and targets the level of 66 Kuwaiti fils.

Gulf Finance House was the analyst’s second recommended stock, as it ended on Thursday around the resistance level of 55 Kuwaiti fils and targets the level of 61 Kuwaiti fils.

 Thereafter, Al Druze advised traders to follow-up on Kuwait Remal Real Estate since it ended at the major support level of 51 Kuwaiti fils and targets the level of 60 Kuwaiti fils.

The analyst also pointed to Munshaat Real Estate that closed above the level of 48.5 Kuwaiti fils and targets the level of 56 Kuwaiti fils.

The fifth recommended stock was Gulf Petroleum Investment which closed above the support level of 83 Kuwaiti fils and forecasted to break above the level of 92 Kuwaiti fils, according to the analyst.