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Kuwait Stocks Close Down 7,764.86 Pts Last Week  Join our daily free Newsletter

MENAFN - Arab Times - 08/12/2013

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(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index closed at 7,764.86 points, down by 0.26% from the week before closing, the weighted index decreased by 0.55% after closing at 456.46 points, whereas the KSX-15 index closed at 1,078.87 points down by 0.41%. Furthermore, last week's average daily turnover decreased by 14.37%, compared to the preceding week, reaching K.D 24.29 million, whereas trading volume average was 192.34 million shares, recording decrease of 24.50%. The stock market indicators contracted during last week compared to the preceding one, as the red indicator overcame most of the sessions, affected by the strong selling pressures that included many stocks in different sectors, in light of the fluctuating performance that the stock market is witnessing during this period as a result to the speculative operations.

In addition, the selling operations concentrated on the large-cap and operational listed stocks, and thus reflected on the performance of the Weighted and KSX-15 indices in particular, where they dropped the most compared to the Price index, and recorded in one of the week's session its lowest closing level since last September. Moreover, the green indicator was not absent during last week's trading, as the random purchasing operations executed on some operational stocks, and the positive speculation that performed mostly on the small-cap stocks, had a positive impact on the market indices' performance during some sessions, however, it was not enough to push the indices to close in the green zone on the weekly level. For the annual performance, the price index ended last week recording 30.85 annual gains compared to its closing in 2012, while the weighted index increased by 9.29%, and the KSX-15 recorded 6.92% growth.

 






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