(MENAFN - Arab Times) Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 1.06%, and the weighted index advanced by 0.79% compared to the closings of the week before. In addition KSX-15 index increased by 0.93%.
Furthermore, last week's average daily turnover decreased by 36.35%, compared to the preceding week, reaching KD 22.54 million, whereas trading volume average was 215.32 million shares, recording increase of 3.07%. Kuwait Stock Market ended the first New Year's week of trading in the green zone. The market performance was supported by the purchasing power appeared in the last two sessions in particular, and included many large-cap and small-cap stocks of most sectors.
As a result, the market three indices realized good gains by the end of the week, specially the Price Index which closed at 6,004.41 points, the highest closing since last October 7th session. On the contrary, the selling operations effect on the market performance was not absent last week, as trading witnessed limited profit collection operations during the sessions, which limited the market gains, however did not succeed in pushing the indices to close in the red zone.
In addition, the market realized its gains despite the negative trading start of the week, as the last two sessions of 2012 witnessed a declining performance due to the selling pressures, which concentrated on leading and large-cap stocks, and negatively affected the Price and KSX-15 Indices.
However, the market was able to compensate its total loss by the end of the week, whereas the three market indices closed in the green zone. By the end of the week, the price index closed at 6,004.41 points, up by 1.06% from the week before closing, whereas the weighted index registered a 0.79% weekly gain after closing at 422.69 points. Moreover, the KSX-15 index closed at 1,024.17 points, increasing with 0.93%. Sectors' Indices All of KSE's sectors ended last week in the green zone, while the other two recorded declines. Last week's highest gainer was the Insurance sector, achieving 3.31% growth rate as its index closed at 911.46 points. Whereas, in the second place, the Real Estate sector's index closed at 1,010.90 points recording 1.58% increase.
The Industrial sector came in third as its index achieved 1.27% growth, ending the week at 946.23 points. The Basic Materials sector was the least growing as its index closed at 982.46 points with a 0.10% increase. On the other hand, the Technology sector headed the losers list as its index declined by 0.12% to end the week's activity at 838.01 points. The Oil & Gas sector was second on the losers' list, which index declined by 0.003%, closing at 934.40 points. Sectors' Activity The Financial Services sector dominated total trade volume during last week with 374.68 million shares changing hands, representing 43.50% of the total market trading volume.
The Real Estate sector was second in terms of trading volume as the sector's traded shares were 32.04% of last week's total trading volume, with a total of 275.99 million shares. On the other hand, the Banks sector's stocks were the highest traded in terms of value; with a turnover of KD 28.20 million or 31.27% 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 23.08 million represented 25.60% of the total market trading value.
By Bayan Investment Kuwait
