(MENAFN- Arab Times) Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 6331.33 points up by 0.57% from the week before closing the Weighted Index increased by 0.26% after closing at 435.93 points whereas the KSX-15 Index closed at 1057.27 points up by 0.24%. Furthermore last week's average daily turnover increased by 27.89% compared to the preceding week reaching KD 24.55 million whereas trading volume average was 324.24 million shares recording an increase of 54.60%.
The stock market indicators closed with different gains by the end of last week where the stock market initiated its first session with an increase to all of the indices supported by the active and strong purchasing trend that was strongly present during the session and included most of the investment groups which positively affected the trading activity that recorded good increase on both levels the liquidity and volume of the traded stocks. On the next session the stock market witnessed variance in the three indices performance as a result to the different traders' behavior among a noticeable decline in the trading activity as the Price Index continued its gains supported by the return of the quick speculations in controlling the trading activity where such operations concentrated on the small-cap stocks which caused the Price Index performance to fluctuate and end the session in the green zone whilst the large-cap stocks witnessed a quick profit collection trend and as a result the Weighted and KSX-15 indices declined by the end of the session. However in the mid-week session the Price Index joined the Weighted and KSX-15 indices in the drop to the red zone after targeting the small-cap stocks of previous gains for profit collection. On Wednesday session the stock market indicators returned to fluctuate once again where the Price Index recorded light decline affected by the speculations executed on the small-cap stocks while the Weighted and KSX-15 indices were able to increase supported by the active purchasing trend that targeted some large-cap stocks. On the end of week session the stock market witnessed some sort of stability as it took a horizontal direction trending upward however the last few minutes of the session time witnessed a purchasing activity that enabled the market to end the session with limited growth to the three indices. Moreover the market cap reached KD 27.92 billion by the end of last week increasing by 0.07% compared to its level to the preceding week where it reached KD 27.90 billion. For the annual performance; the market cap of the listed companies declined by 0.21% from its value at 2014 year end where it was KD 27.98 billion. As for as KSE annual performance the price index ended last week recording 3.13% annual loss compared to its closing in 2014 while the weighted index decreased by 0.67% and the KSX-15 recorded 0.25% loss. Sectors' Indices Eight of KSE's sectors ended last week in the green zone while the other four recorded declines. Last week's highest gainer was the Consumer Goods sector achieving 2.48% growth rate as its index closed at 1193.92 points. Whereas in the second place the Health Care sector's index closed at 878.16 points recording 2.23% increase. The Oil & Gas sector came in third as its index achieved 2.09% growth ending the week at 1035.57 points. On the other hand the Technology sector headed the losers list as its index declined by 3.81% to end the week's activity at 928.26 points. The Consumer Services sector was second on the losers' list which index declined by 1.71% closing at 1017.12 points followed by the Telecommunications sector as its index closed at 646.44 points at a loss of 1.09%. Sectors' Activity The Financial Services sector dominated a total trade volume of around 667.01 million shares changing hands during last week representing 41.14% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 26.65% of last week's total trading volume with a total of around 432.03 million shares. On the other hand the Financial Services sector's stocks were the highest traded in terms of value; with a turnover of around KD 40.68 million or 33.15% of last week's total market trading value. The Banks sector took the second place as the sector's last week turnover was approx. KD 27.94 million representing 22.77% of the total market trading value. For further details please visit our web site: www.bayaninvest.com
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