(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week with two of its indices in the green zone. The price index ended last week with a decrease amounted to 1.40%, while the weighted index increased by 0.06% compared to the closings of the week before, where KSX-15 Index raised by 0.63%.
Furthermore, last week's average daily turnover increased by 35.83%, compared to the preceding week, reaching K.D 23.36 million, whereas trading volume average was 293.41 million shares, recording decrease of 72.26%.
KSE whitened different effects during last week, as selective buying operations were present, especially on Banking and Technology sectors, while profit taking operations were more concentrated on the small stocks, as a result, both of the weighted and KSX-15 indices managed to end the week in the green zone, while the price index, which is more influenced by the small stocks, recorded retreat.
In addition, more companies announced its first quarter financial results during last week, the number of declared companies reached 85% so far.
The total number of declared companies reached 174 out of 204 listed companies, realizing approximately K.D. 624.42 million, with a decline of 22.15% compared to same companies' results for 2011.
By the end of the week, the price index closed at 6,339.4 points, down by 1.40% from the week before closing, whereas the weighted index registered a 0.06% weekly loss after closing at 409.7 points. Moreover, the KSX-15 index recorded 0.63% weekly loss after closing at 976.1 points.
Sectors' Indices
With the end of last week, most sectors of the Kuwait Stock Exchange closed Decline.
The Telecommunications sector headed the losers list as its index declined by 3.96% to end the week's activity at 923.59 points. The Financial Services sector was second on the losers' list, which index declined by 3.49%, closing at 964.78 points, followed by the Industrials sector, as its index closed at 962.57 points at a loss of 2.29%. On the other hand, highest gainer was the Health Care sector, achieving 17.15% growth rate as its index closed at 1,152.23 points. Whereas, in the second place, the Technology sector's index closed at 1,145.44 points recording 7.39% increase. The Insurance sector came in third as its index achieved 5.63% growth, ending the week at 1,095.18 points.
Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 658.73 billion shares changing hands, representing 44.90% of the total market trading volume.
The Real Estate sector was second in terms trading volume as the sector's traded shares were 20.99% of last week's total trading volume, with a total of 307.96 million shares. On the other hand, the Financial Services sector's stocks where the highest traded in terms of value; with a turnover of K.D. 38.44 million or 32.91% of last week's total market trading value. The Banks sector took the second place as the sector's last week turnover of K.D. 25.73 million represented 22.02% of the total market trading value.
Market Capitalization
KSE total market capitalization grew by 0.05% during last week to reach K.D. 27.88 billion. With the end of last week, most sectors of the Kuwait Stock Exchange recorded a decline in value, The Oil & Gas sector headed the decliners list as its total market capitalization reached K.D. 391.53 million, decreasing by 1.81%.
The Financial Services sector was the second in terms of recorded decline with 1.80% decrease after the total value of its listed companies reached K.D. 2.93 billion. The third place was for the Consumer goods sector, which total market capitalization reached K.D. 612.76 million by the end of the week, recording a decline of 1.55%. The Insurance sector was the least declining with 0.28% recorded decrease after its market capitalization amounted to K.D. 334.21 million.
On the other hand, The Health Care sector headed the growing sectors as its total market capitalization reached K.D. 218.87 million, increasing by 9.55%. The Technology sector was the second in terms of recorded growth with 4.26% increase after the total value of its listed companies reached K.D.
79.97 million. The Consumer Services sector was the least growing with 0.38% recorded growth after its market capitalization amounted to K.D. 803.31 million.
