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Kuwait- KSE price index increases by 0.4 pct during week  Join our daily free Newsletter

MENAFN - Arab Times - 18/11/2012

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(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.49%, and the weighted advanced by 0.15% compared to the closings of the week before. In addition KSX-15 index increased be 0.26%.

Furthermore, last week's average daily turnover increased by 32.20%, compared to the preceding week, reaching KD 29.73 million, whereas trading volume average was 411.29 million shares, recording increase of 58.25%. Kuwait Stock Market continued its gains for the second consecutive week, especially price index, in light of improved trading indicators, whether value or volume.

Last week KSE performance was mixed, despite the relatively quiet political events, which negatively impacted the market in the past. However, the return of traders' confidence is still in its first steps. Moreover, the watch state to announce the names of the companies which will be stopped from being traded due to passing the 9 months financial data declaration due date, had a role in spreading a hesitant reaction among traders.

On the other hand, speculations mastered the trading sessions during the week and mostly concentrated on small-cap stocks, followed by profit collection operations which affected the market stability. However, the overall results were positive especially the price index, and all market indices closed in the green zone.
For the annual performance, the price index ended last week recording 0.24% annual loss compared to its closing in 2011, while the weighted index increased by 0.96%, and the KSX-15 recorded 0.33% decrease compared to its value at inception. By the end of the week, the price index closed at 5,800.50 points, up by 0.49% from the week before closing, whereas the weighted index registered a 0.15% weekly gain after closing at 409.50 points. Moreover, the KSX-15 index closed at 996.68 points, increasing with 0.26%.

Sectors' Indices
Six of KSE's sectors ended last week in the green zone, The Oil & Gas sector headed the gainers list, after its index closed at 929.79 points, to increase by 3.10%. Financial Services sector was the second on the list, as its index closed at 819.90 points, up by 1.34%. The Basic Materials sector was the least on the gainers' list, which index advanced by 0.21%, closing at 983.45 points.
On the Other hand, The Health Care sector headed the losers list as its index declined by 8.16% to end the week's activity at 848.59 points. While the banks was the least, when its index closed at 996.39, down by 0.09%.

Sectors' Activity
The Real Estate sector dominated total trade volume during last week with 663.13 million shares changing hands, representing 40.31% of the total market trading volume. The Financial Services sector was second in terms of trading volume as the sector's traded shares were 38.75% of last week's total trading volume, with a total of 637.72 million shares. On the other hand, the Real Estate sector's stocks were the highest traded in terms of value; with a turnover of KD 44.70 million or 37.59% of last week's total market trading value. The Financial Services sector took the second place as the sector's last week turnover of KD 35.56 million represented 29.90% of the total market trading value.

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