(MENAFN - Arab Times) Two of Kuwait Stock Exchange (KSE) ended last week in the green zone.
The price index ended last week with an increase amounted to 0.68 percent, while the weighted index decreased by 0.11 percent compared to the closings of the week before, whereas KSX-15 Index improved by 0.06 percent.
Furthermore, last week's average daily turnover decreased by 11.49 percent, compared to the preceding week, reaching KD 30.98 million, whereas trading volume average was 417.22 million shares, recording decline of 0.99 percent. Kuwait Stock Market fluctuated last week throughout the trading hours, due to profit collection operations on some stocks of increased value, in addition to speculation operations on small-cap stocks.
On the other hand, some stock collection operations started to appear in light of the news and leakages of the listed companies' annual results, which will form a main factor in directing the market trading wheel for the coming period, as it is usual for the market to witness a classical cautious state during the financial results announcements period, escalate as it gets closer to the end of the announcing period where announcements get crowded, especially that many companies were subject for hold last year, due to exceeding the legal period for announcing their results.
By the end of the week, the price index closed at 6,245.11 points, up by 0.68 percent from the week before closing, whereas the weighted index registered a 0.11 percent weekly loss after closing at 432.19 points. Moreover, the KSX-15 index closed at 1,046.55 points, increasing with 0.06 percent.
Nine of KSE's sectors ended last week in the green zone, Last week's highest gainer was the Consumer Services sector, achieving 3.89 percent growth rate as its index closed at 976.20 points. Whereas, in the second place, the Technology sector's index closed at 892.05 points recording 3.36 percent increase. The Oil & Gas sector came in third as its index achieved 2.51 percent growth, ending the week at 1,075.13 points.
On the other hand, the Banks sector headed the losers list as its index declined by 1.16 percent to end the week's activity at 1,031.94 points. The Real Estate sector was second on the losers' list, which index declined by 0.80 percent, closing at 1,036.67 points.
The Financial Services sector dominated total trade volume during last week with 746.26 million shares changing hands, representing 35.77 percent of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 31.80 percent of last week's total trading volume, with a total of 663.47 million shares.
On the other hand, the Financial Services sector's stocks were the highest traded in terms of value; with a turnover of KD 43.60 million or 28.15 percent 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 32.62 million represented 21.06 percent of the total market trading value.
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