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MENAFN - Arab Times - 02/12/2012

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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 0.94%, and the weighted index advanced by 1.43% compared to the closings of the week before. In addition KSX-15 index increased by 1.31%.

Furthermore, last week's average daily turnover increased by 10.55%, compared to the preceding week, reaching KD 36.23 million, whereas trading volume average was 408.64 million shares, recording increase of 5.30%.
Kuwait Stock Exchange was able to realize gains to its three indices last week, in light of the strong purchasing trend that controlled the trading performance during the few last weeks, with concentration on large-cap and heavy stocks such as the Banking sector.

As a result, the Price and the KSX-15 indices were positively affected more than the Price index compared to the previous week. Also, the market was positively impacted by the speculations operation that has been influencing the small-cap stocks for quite some time.

Optimism
In addition, the increased liquidity limits, which recorded its highest in 8 months, specifically on 21st March, had contributed into an optimism and confidence state on the purchasers, whilst news were roaming about a strong intervention into the market by the national portfolio during the same period.

For the annual performance, the price index ended last week recording 2.23% annual gain compared to its closing in 2011, while the weighted index increased by 4.50%, and the KSX-15 recorded 3.54% increase compared to its value at inception.

By the end of the week, the price index closed at 5,943.94 points, up by 0.94% from the week before closing, whereas the weighted index registered a 1.43% weekly gain after closing at 423.89 points. Moreover, the KSX-15 index closed at 1,035.40 points, increasing with 1.31%.

Sectors' Indices
Nine of KSE's sectors ended last week in the green zone, The Health Care sector headed the gainers list, after its index closed at 921.82 points, to increase by 11.60%. The Insurance sector was the second on the list, as its index closed at 881.63 points, up by 3.06%. The Oil & Gas sector was the least on the gainers' list, which index advanced by 0.14%, closing at 924.15 points.
On the Other hand, The Technology sector headed the losers list as its index declined by 1.09% to end the week's activity at 855.61 points. The Financial services sector was the second on the list, as its index closed at 832.90 points, down by 0.93%. While the Consumer Goods was the least, when its index closed at 982.16, down by 0.73%.


Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 783.28 million shares changing hands, representing 38.34% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 36.35% of last week's total trading volume, with a total of 742.66 million shares.
On the other hand, the banks sector's stocks were the highest traded in terms of value; with a turnover of KD 52.50 million or 28.98% 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 48.08 million represented 26.54% of the total market trading value.


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