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MENAFN - Kuwait News Agency (KUNA) - 18/11/2012

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(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended week trading on a positive note, amid cautious optimism caused by relative calm in political streets and His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Hamad Al-Sabah's remarks about pushing ahead economic and sustainable development plans, specialized economic reports said Saturday.

The report, by Oula Wasata Brokerage Company, said the price index ended last week with a rise amounted to 0.5 percent, while the weighted index decreased by 0.8 percent.

The KSX-15 Index has slightly grown by 3 points.
The report pointed that the HH the Amir statements have given great impetus to the stock market as it encouraged worry investors to resume their active trading which positively impacted the atmosphere in the market.

It noted that the traded value have exceeded the threshold of KD 30 million in some of the week sessions.

The small stocks had been subjected to active purchasing operation in a series of profit-taking deals, the report added.

Meanwhile, Bayan Investment Company Weekly Report showed that six of KSE's sectors ended last week in the green zone. The Oil and Gas sector has topped the list of gainers as its index rose by 3.10 percent to end the week's activity at 929.7 points followed by Financial Service sector, up by 1.34 percent to end the week's activity at 819.90 points.

While, the Health Care sector headed the losers list as its index declined by 8.16 percent to end the week's activity at 948.5 points followed by the Insurance sector as its index closed at 841.7, down by 1.26 percent.

For its part, Al-Shall Economic Consultants said its weekly report that the performance of Kuwait Stock Exchange (KSE) for the last week was mixed compare to the previous one. It added that the volume, value and transactions indices show an increase, while the general index shows a decrease.

AlShall Index (value weighted) closed at 430.7 points at the closing of last Wednesday (Hijri new year), showing a decrease about 0.6 points or about 0.1 percent, and a decrease of 19.5 points or about 4.3 percent compared to the end of 2011.

 






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