KUWAIT CITY, July 31: Kuwait Stock Exchange (KSE) registered gains for the fourth consecutive week amid continuous increase in trading indicators. Last week’s average daily turnover grew by 5.46 percent, compared to previous week’s levels, to reach K.D. 40.88 million, whereas trading volume average amounted to 422.02 million shares, at an increase of 39.76 percent.
A number of factors provided support for the market and allowed it to record last week’s increases. One of which was the ongoing positive effect of government officials’ statements regarding forthcoming measures for supporting the local economy. In addition, good six months results that were so far announced for the banking sector were another support factor for KSE during last week. Accordingly, the market witnessed active purchase activities, especially in the first three trading sessions. Trading activity in the last two sessions of the week, on the other hand, was subject to profit taking, which affected low priced stocks in the first place, causing the reduction of price index’s weekly gains, whereas purchases on blue-chips allowed the weighted index to register gains in all of the week’s sessions.
By the end of the week, the price index closed at 6,654.9 points, up by 1.10 percent from the week before closing, whereas the weighted index registered a 1.97 percent weekly gain after closing at 419.24 points.

Sectors’ Indices
All of KSE’s sectors ended last week in the green zone. Last week’s highest gainer was the Food sector, achieving 5.20 percent growth rate as its index closed at 4,824.1 points. Whereas, in the second place, the Industry sector’s index closed at 5,454.1 points recording 1.55 percent increase. The Banks sector came in third as its index achieved 1.16 percent growth, ending the week at 9,455.5 points. The Services sector was the least growing as its index closed at 14,563.7 points with a 0.56 percent increase.
Sectors’ Activity
The Real Estate sector dominated total trade volume during last week with 787.84 million shares changing hands, representing 37.34 percent of the total market trading volume. The Investment sector was second in terms trading volume as the sector’s traded shares were 20.34 percent of last week’s total trading volume, with a total of 429.20 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. 48.16 million or 23.56 percent 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. 37.62 million represented 18.40 percent of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 1.93 percent during last week to reach K.D. 31.13 billion, as all of KSE’s sectors recorded an increase in their respective market capitalization. The Food sector headed the list as its total market capitalization reached K.D. 786.09 million, increasing by 10.03 percent. The Industry sector was the second in terms of recorded growth with 4.27 percent increase after the total value of its listed companies reached K.D. 2.75 billion. The third place was for the Real Estate sector, which total market capitalization reached K.D. 1.73 billion by the end of the week, recording an increase of 2.63 percent. The Non Kuwaiti companies sector was the least growing with 1.07 percent recorded growth after its market capitalization amounted to K.D. 2.97 billion.