Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - KSE Ends In Red Zone To Close At 7,704.34 Pts Last Week  Join our daily free Newsletter

MENAFN - Arab Times - 15/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index closed at 7,704.34 points, down by 0.78% from the week before closing, the weighted index decreased by 0.68% after closing at 453.34 points, whereas the KSX-15 index closed at 1,076.02 points down by 0.26%. Furthermore, last week's average daily turnover decreased by 0.92%, compared to the preceding week, reaching K.D 24.07 million, whereas trading volume average was 280.97 million shares, recording increase of 46.08%. All KSE indices closed in the red zone for the second consecutive week, as a result to the selling operations that controlled the trading activities during most of the week's sessions, whereas the selling pressures included many listed stocks, both large-caps and small-caps, targeting profit collection.

This action came among a limited fluctuating performance due to the speculative activity that continued to control the trading activities. Moreover, the stock market is still suffering from a noticeable repulsion against trading, and weak purchasing operations, which negatively affected the trading activity in the market, especially the value that recorded in one of the sessions its lowest level since last October. On the other hand, some of the last week's traded stocks witnessed random purchasing operations enabled the market indices to limit its losses on the weekly level; also the market received some support from the collection operations performed by the investment groups, in order to improve its annual financial results, as we are approaching the year end. For the annual performance, the price index ended last week recording 29.83% annual gains compared to its closing in 2012, hile the weighted index increased by 8.55%, and the KSX-15 recorded 6.63% growth.


Sectors' Indices
Ten of KSE's sectors ended last week in the red zone, while the other two recorded increases. The Oil & Gas sector headed the losers list as its index declined by 3% to end the week's activity at 1,198.99 points. The Consumer Goods sector was second on the losers' list, which index declined by 2.42%, closing at 1,238.30 points, followed by the Basic Materials sector, as its index closed at 1,144.45 points at a loss of 1.72%. The Financial Services sector was the least declining as its index closed at 1,140.38 points with a 0.22% decrease. On the other hand, last week's highest gainer was the Consumer Services sector, achieving 1.79% growth rate as its index closed at 1,156.15 points. Whereas, in the second place, the Technology sector's index closed at 1,011.26 points recording 0.43% increase.


Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 437.59 million shares changing hands, representing 31.15% of the total market trading volume. The Industrial sector was second in terms of trading volume as the sector's traded shares were 30.99% of last week's total trading volume, with a total of 435.33 million shares.

For further details, please visit our web site: www.bayaninvest.com

On the other hand, the Real Estate sector's stocks were the highest traded in terms of value; with a turnover of K.D 34.07 million or 28.31% of last week's total market trading value. The Financial Services sector took the second place as the sector's last week turnover was K.D 32.84 million represented 27.29% of the total market trading value.

 


Arab Times




  MENA News Headlines
 Aug 30 2016 - How Can You Beat the Shark: The US Legal Battle of Pharma and BiotechMENAFN Press
(MENAFN Press) How Can You Beat the Shark: The US Legal Battle of Pharma and Biotech Jim Nelson Biosimilars Europe 2016 Regulatory guidance given at the SMi's 7 annual Biosimilars Europe ...

 Aug 30 2016 - Infectious Diseases Author and Novel Vaccine Pioneer, Dr Mahesh Kumar to Open Day 2 of Superbugs USA CongressMENAFN Press
(MENAFN Press) Infectious Diseases – Author and Novel Vaccine Pioneer, Dr Mahesh Kumar to Open Day 2 of Superbugs USA Congress Superbugs USA 2016 Zoetis to give exclusive update at Superbugs USA ...

 Aug 30 2016 - TouchstoneEnergy continues expansion into North America with new Downstream Trading customer acquisitionMENAFN Press
(MENAFN Press) TouchstoneEnergy continues expansion into North America with new Downstream Trading customer acquisition TouchstoneEnergy was approached by an energy trading company based in Texas ...

 Aug 30 2016 - Discrimination and Unequal Treatment of the Disabled Leads to Many Untimely DeathsMENAFN Press
(MENAFN Press) Discrimination and Unequal Treatment of the Disabled Leads to Many Untimely Deaths Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February ...

 Aug 30 2016 - RightAnswers Selected in KMWorld Trend-Setting Products 2016MENAFN Press
(MENAFN Press) RightAnswers Selected in KMWorld Trend-Setting Products 2016 RightAnswers named to KMWorld Trend-Setting Products 2016 Innovations in RightAnswers Knowledge Management Software ...

 Aug 30 2016 - Focus on HVAC for upcoming projects in EgyptMENAFN Press
(MENAFN Press) Focus on HVAC for upcoming projects in Egypt The 2nd Annual HVAC Egypt Conference is taking place from 7 - 8 November 2016 in Cairo, Egypt. Officially endorsed by the ASHRAE Cairo ...

 Aug 30 2016 - Intratec Reveals Production Costs of Green Chemicals and BiofuelsMENAFN Press
(MENAFN Press) Intratec Reveals Production Costs of Green Chemicals and Biofuels New reports evaluate the economic feasibility of chemicals manufacturing through alternative, bio-based routes ...

 Aug 30 2016 - Proactive profit protection becoming critical for Middle East retailersMENAFN Press
(MENAFN Press) Proactive profit protection becoming critical for Middle East retailers Retailers across the Middle East are focused on transitioning their loss prevention functions from a support ...

 Aug 30 2016 - Herakles Farms: US Government Bullied Cameroon into Land Grab LeaseMENAFN Press
(MENAFN Press) Herakles Farms: US Government Bullied Cameroon into Land Grab Lease By exposing the dubious tactics of the US government, we hope that Cameroonian officials will side with the ...

 Aug 30 2016 - Bangladesh upholds Islamist tycoon's death sentenceGulf Times
(MENAFN - Gulf Times) Bangladesh's top court on Tuesday upheld the death sentence for a top tycoon and senior leader of the country's largest Islamist party, paving the way for his execution possibly ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help