KUWAIT CITY, March 20: Both of Kuwait Stock Exchange’s (KSE) main indices declined by the end of the past week, as price index closed at 7,413.7 points, down by 0.59% from the week before closing, whereas the weighted index registered a 0.22% weekly loss after closing at 433.19 points.
Anticipation for the annual results played a prominent role in the course of trading during the week, as while the disclosure period is nearing its end, more than half of the listed companies have not yet posted their 2009 results, out of which are some market leading and influential companies.
So far, 47% of companies listed in the regular market have announced their results for the year 2009, with total net profits amounting to K.D. 381.98 million, 25.87% lower than the same companies’ results in the year 2008.
 On the other hand, speculations and profit taking transactions have marked last week’s trading activity, with last minutes trades either lessening market indices’ recorded losses or causing KSE to move away from the red zone and close with daily gains.
By the end of the week, the price index closed at 7,413.7 points, down by 0.59% from the week before closing, whereas the weighted index registered a 0.22% weekly loss after closing at 433.19 points.
Sectors’ Indices
Six of KSE’s sectors ended last week in the red zone, while the other two recorded increases. The Insurance sector headed the losers list as its index declined by 6.96% to end the week’s activity at 2,525.6 points. The Banks sector was second on the losers’ list, which index declined by 1.25%, closing at 8,986.2 points, followed by the Industry sector, as its index closed at 5,976.3 points at a loss of 1.07%. The Services sector was the least declining as its index closed at 16,106.2 points with a 0.06% decrease.
On the other hand, last week’s highest gainer was the Food sector, achieving 1.48% growth rate as its index closed at 4,885.6 points. Whereas, in the second place, the Non Kuwaiti companies sector’s index closed at 7,572.4 points recording 1.19% increase.
Sectors’ Activity
The Investment sector dominated total trade volume during last week with 669.88 million shares changing hands, representing 35.28% of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 26.05% of last week’s total trading volume, with a total of 494.58 million shares.
On the other hand, the Services sector’s stocks where the highest traded in terms of value; with a turnover of K.D. 99.81 million or 33.57% of last week’s total market trading value. The Investment sector took the second place as the sector’s last week turnover of K.D. 71.55 million represented 24.06% of the total market trading value.

Market Capitalization
KSE total market capitalization declined by 0.12% during last week to reach K.D. 32.83 billion, as three of KSE’s sectors recorded an increase in their respective market capitalization, whereas the other five recorded declines. The Non Kuwaiti companies sector headed the growing sectors as its total market capitalization reached K.D. 3.25 billion, increasing by 3.19%.
The Food sector was the second in terms of recorded growth with 1.39% increase after the total value of its listed companies reached K.D. 825.08 million. The third place was for the Services sector, which total market capitalization reached K.D. 9.31 billion by the end of the week, recording an increase of 0.31%.
On the other hand, the Insurance sector headed the decliners list as its total market capitalization decreased by 5% to reach, by the end of the week, K.D. 303.74 million. The Banks sector was second on this list, which market value of its listed companies declined by 1.12%, reaching K.D. 10.88 billion, followed by the Real Estate sector, as its market capitalization amounted to K.D. 2.01 billion at a 1.08% decrease. The Industry sector was the least declining with 0.21% recorded loss after its market capitalization amounted to K.D. 2.95 billion.