KUWAIT CITY, Aug 28: Kuwait Stock Exchange (KSE) ended the week with variance between its main indices performance. The market price index ended last week with a decrease amounted to 0.54%, while the weighted index increased by 0.78% compared to the closings of the week before. In addition, last week’s average daily turnover decreased by 16.88%, compared to previous week, reaching K.D 34.59 million, whereas trading volume average was 169.27 million shares, recording increase of 5.08%. The daily performance of KSE indices was marked with limited changes. The last minutes deals had a significant role to direct the indices daily closing, either increase or decrease.
In addition, Banks sector kept its role as the main player during last week, responding to the current debate development plan financing, whereas some voices disagreed with the government decision, to finance the development plan through the banking system. As a result, the Banks sector seized most of the market turnover during last week due to active purchasing on its stocks on one hand, and profit taking on the other. The outcome was a hesitant daily performance for both market main indices. Nevertheless, the weighted index managed to keep its daily closing higher than the week before closing, while the price index suffered more and ended the week in the red zone.
On the other hand, four of GCC stock markets suffered losses, headed by Saudi stock exchange, while KSE came in the fifth place. The other three markets recorded gains headed by Bahrain stock exchange.
By the end of the week, the price index closed at 6,645.6 points, down by 0.54% from the week before closing, whereas the weighted index registered a 0.78% weekly gain after closing at 433.71 points.

Sectors’ Indices
Six of KSE’s sectors ended last week in the red zone, while the other two recorded increases. The Industry sector headed the losers list as its index declined by 3.66% to end the week’s activity at 5,241.3 points. The Services sector was second on the losers’ list, which index declined by 0.79%, closing at 14,633.7 points, followed by the Real estate sector, as its index closed at 2,304.1 points at a loss of 0.68%. The Insurance sector was the least declining as its index closed at 2,359.8 points with a 0.06% decrease. On the other hand, last week’s highest gainer was the Banks sector, achieving 1.90% growth rate as its index closed at 10,237.0 points. Whereas, in the second place, the Investment sector’s index closed at 4,776.6 points recording 1.18% increase.

Sectors’ Activity
The Real estate sector dominated total trade volume during last week with 212.97 million shares changing hands, representing 25.16% of the total market trading volume. The Investment sector was second in terms trading volume as the sector’s traded shares were 19.89% of last week’s total trading volume, with a total of 168.37 million shares. On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 86.06 million or 49.76% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 24.12 million represented 13.95% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 0.77% during last week to reach KD 31.94 billion, as five of KSE’s sectors recorded an increase in their respective market capitalization, whereas the other three recorded declines. The Banks sector headed the growing sectors as its total market capitalization reached KD 12.48 billion, increasing by 2.73%. The Investment sector was the second in terms of recorded growth with 1.58% increase after the total value of its listed companies reached KD 2.68 billion. The third place was for the Non Kuwaiti Companies sector, which total market capitalization reached KD 3.03 billion by the end of the week, recording an increase of 1.21%. The Real estate sector was the least growing with 0.14% recorded growth after its market capitalization amounted to KD 1.71 billion.
On the other hand, the Industry sector headed the decliners list as its total market capitalization decreased by 1.65% to reach, by the end of the week, KD 2.73 billion. The Services sector was second on this list, which market value of its listed companies declined by 1.54%, reaching KD 8.28 billion, followed by the Insurance sector, as its market capitalization amounted to KD 280.06 million at a 0.03% decrease.