(MENAFN- Arab Times) Kuwait Stock Exchange (KSE) ended last week with variance on its indices. The price index closed at 7,783.32 points, down by 0.83% from the week before closing, the weighted index increased by 0.55% after closing at 464.88 points, whereas the KSX-15 index closed at 1,104.27 points up by 1.60%. Furthermore, last week's average daily turnover decreased by 3.76%, compared to the preceding week, reaching KD 54.32 million, whereas trading volume average was 602.64 million shares, recording decrease of 11.64%. Kuwait Stock Exchange's indices closed at variance, as the Price Index declined due to the sale-for-profit operations were performed on the small-cap stocks, especially at the end of week session, where the index dropped dramatically by approximately 120 point, which pushed the index to close in the red zone.
On the contrary, both of the Weighted and KSX-15 indices recorded good growth by the end of the week, supported by the random purchasing operations performed on many large-cap stocks, mostly in Banking Sector, in addition to the collection operations that included many blue-chip stocks, which in turn adjusted the indices performance on the weekly level. Moreover, the stock market was fluctuating between now and then during most of the daily sessions, in light of the trading disparity witnessed by some traded stocks during the week. Furthermore, the small-cap stocks continued to play an important role in the market fluctuation, where quick speculative and selling operations were witnessed on the three indices, especially the Price Index, and caused it to decline by the end of the week. For the annual performance, the price index ended last week recording 31.16% annual gain compared to its closing in 2012, while the weighted index increased by 11.31%, and the KSX-15 recorded 9.43% increase.
Sectors' Indices
Seven of KSE's sectors ended last week in the red zone, while the other Five recorded increases. The Oil & Gas sector headed the losers list as its index declined by 3 % to end the week's activity at 1,198.48 points. The Technology sector was second on the losers' list, which index declined by 2.55%, closing at 1,056.02 points, followed by the Real Estate sector, as its index closed at 1,419.40 points at a loss of 2.09%. The Industrial sector was the least declining as its index closed at 1,201.23 points with a 0.05% decrease. On the other hand, last week's highest gainer was the Health Care sector, achieving 2.82% growth rate as its index closed at 1,092.23 points. Whereas, in the second place, the Telecommunication sector's index closed at 876.31 points recording 0.95% increase. The Basic Materials sector was the least growing as its index closed at 1,134.62 points with a 0.39% increase.
Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 1.57 billion shares changing hands, representing 51.94% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 26.51% of last week's total trading volume, with a total of 798.78 million shares. On the other hand, the Financial Services sector's stocks were the highest traded in terms of value; with a turnover of KD 103.96 million or 38.28% of last week's total market trading value. The Real Estate sector took the second place as the sector's last week turnover was KD 58.96 million represented 21.71% of the total market trading value.
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