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Kuwait- KSE index ends in Green Zone last week  Join our daily free Newsletter

MENAFN - Arab Times - 07/10/2012

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(MENAFN - Arab Times) Tow of Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.08%, and the weighted index advanced by 0.01% compared to the closings of the week before. Furthermore, last week's average daily turnover decreased by 24.40%, compared to the preceding week, reaching KD 31.23 million, whereas trading volume average was 401.92 million shares, recording decrease of 3.59%.

Kuwait Stock Market witnessed some activity last week included a re-ranking for many of its investment portfolios, as the sell operations on small-cap stocks were met by a random buy and hold operations on large-cap stocks. On the other hand, quick speculations on small-cap stocks were met by profit taking operations. Moreover, a conservative state was noticed on the market last week due to the traders' expectance to the listed companies' third quarter 2012 financial results.

For the annual performance, the price index ended last week recording 3.11% annual gain compared to its closing in 2011, while the weighted index increased by 3.31%, and the KSX-15 recorded 0.51% increase compared to its value when it was launched. By the end of the week, the price index closed at 5,995.28 points, up by 0.08% from the week before closing, whereas the weighted index registered a 0.01% weekly gain after closing at 419.05 points. Moreover, the KSX-15 index closed at 1,005.10 points.

Sectors' Indices
Four of KSE's sectors ended last week in the green zone, while the others three declined. Last week's highest gainer was the Oil & Gas sector, achieving 2.21% growth rate as its index closed at 926.68 points. Whereas, in the second place, the Consumer Goods sector's index closed at 1,004.59 points recording 1.59% increase. The Banks sector was the least growing as its index closed at 1,005.32 points with a 0.89% increase. On the other hand, the Health Care sector headed the losers list as its index declined by 4.86% to end the week's activity at 961.983 points. The Financial Services sector was least on the losers' list, which index declined by 0.15%, closing at 855.75 points.

Sectors' Activity
The Real Estate sector dominated total trade volume during last week with 785.07 million shares changing hands, representing 39.078% of the total market trading volume. The Financial Services sector was second in terms of trading volume as the sector's traded shares were 37.84% of last week's total trading volume, with a total of 560.38 million shares. On the other hand, the Financial Services sector's stocks where the highest traded in terms of value; with a turnover of KD 50.50 million or 32.34% of last week's total market trading value. The Real Estate sector took the second place as the sector's last week turnover of KD 36.63 million represented 23.46% of the total market trading value.

 






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