Kuwait Stock Exchange Ends Last Week in Red Zone

GMT 18:16 2016 Sunday ,19 June

Arab Today, arab today Kuwait Stock Exchange Ends Last Week in Red Zone

Kuwait Stock Exchange
Kuwait - QNA

Kuwait Stock Exchange (KSE) ended last week in the red zone, with the Price Index closed at 5,394.84 points, down by 0.29% from the week before closing. 
The Weighted Index decreased by 0.91% after closing at 351.69 points, whereas the KSX-15 Index closed at 806.94 points down by 0.95%, Kuwait's Bayan Investment said in its weekly report. 
Furthermore, last week's average daily turnover increased by 29.43%, compared to the preceding week, reaching K.D 9.01 million, whereas trading volume average was 90.57 million shares, recording an increase of 16.26%. 
The three stock market indicators declined as a result to the selling trend that was subject to during most of the week’s session for profit collection purposes, whereas the selling pressures concentrated on the leading and heavy stocks in the market, amid a fluctuated performance due to the presence of the speculative operations and its effect on the trading activity. On the contrary, the market was able during some daily sessions of the week to increase supported by the random purchasing operations witnessed by some stocks, which limited the three indices’ losses on the weekly level. 
By the end of the week, the market capitalization for KSE reached K.D. 22.94 billion down by 0.81% compared to its level in a week earlier, where it reached then K.D. 23.13 billion; on an annual level, the market cap for the listed companies in the market dropped by 9.21% from its value at end of 2015, where it was K.D. 25.27 billion. 
As far as KSE annual performance, the price index ended last week recording 3.92% annual loss compared to its closing in 2015, while the weighted index decreased by 7.86%, and the KSX-15 recorded 10.38% loss. 
On sectors’ indices, Bayan said that six of KSE’s sectors ended last week in the red zone, five recorded increases, whereas the Health Care sector’s index closed with no change from the week before. 
The Real Estate sector headed the losers list as its index declined by 1.94% to end the week’s activity at 834.38 points. The Banks sector was second on the losers’ list, which index declined by 1.52%, closing at 798.50 points, followed by the Telecommunications sector, as its index closed at 603.44 points at a loss of 1.42%. The Financial Services sector was the least declining as its index closed at 562.50 points with a 0.55% decrease. 
On the other hand, last week’s highest gainer was the Oil & Gas sector, achieving 5.37% growth rate as its index closed at 782.84 points. Whereas, in the second place, the Consumer Goods sector’s index closed at 1,124.72 points recording 2.06% increase. The Basic Materials sector came in third as its index achieved 1.08% growth, ending the week at 957.73 points. 
On sectors’ activity, the company said that the Financial Services sector dominated a total trade volume of around 218.17 million shares changing hands during last week, representing 48.18% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 11.64% of last week’s total trading volume, with a total of around 52.73 million shares.

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