Kuwait Stock Exchange (KSE) ended the week in the green zone. Both of the market main indices recorded gains despite the retreatment of KSE trading activities indicators. The market price index ended last week with an increase amounted to 0.87%, while the weighted index raised by 1.73% compared to the closings of the week before. In addition, last week’s average daily turnover decreased by 15.69%, compared to previous week, reaching K.D 29.16 million, whereas trading volume average was 138.71 million shares, recording retreat of 18.06%. The daily performance of KSE indices was marked with limited changes. The last minutes deals had a significant role in directing the indices daily closing.

In addition, Banks sector kept its role as the main player during last week in the shadow of the government decision to finance the development plan through the banking system. Nevertheless, other leading stocks played significant role during last week, some of them seized notable amount of daily turnover in some days. Moreover, low price stocks had its share to form traders’ attention. Furthermore, speculations were the main market criteria during last week, along with profit taking. The result was a hesitant daily performance for both market main indices, where some days the market indices had a variance in the daily closing. Nevertheless, both of them managed to end the week in the green zone ended the week in the red zone. By the end of the week, the price index closed at 6,703.2 points, up by 0.87% from the week before closing, whereas the weighted index registered a 1.73% weekly gain after closing at 441.21 points.

Sectors’ Indices
All of KSE’s sectors ended last week in the green zone except for one sector. Last week’s highest gainer was the Insurance sector, achieving 5.56% growth rate as its index closed at 2,490.9 points. Whereas, in the second place, the Non Kuwaiti companies sector’s index closed at 6,951.5 points recording 1.35% increase. The Banks companies sector came in third as its index achieved 1.28% growth, ending the week at 10,368.3 points. The Real Estate sector was the least growing as its index closed at 2,306.5 points with a 0.10% increase. On the other hand, the Food sector was last week’s only loser as its index declined by 0.40% to end the week’s activity at 4,690.2 points.

Sectors’ Activity
The Real Estate sector dominated total trade volume during last week with 185.18 million shares changing hands, representing 26.70% of the total market trading volume. The Investment sector was second in terms trading volume as the sector’s traded shares were 20.69% of last week’s total trading volume, with a total of 143.50 million shares. On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of K.D. 51.99 million or 35.65% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of K.D. 42.84 million represented 29.38% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 1.64% during last week to reach K.D. 32.46 billion, as all of KSE’s sectors recorded an increase in their respective market capitalization except for one sector. The Insurance sector headed the growing sectors as its total market capitalization reached K.D. 296.51 million, increasing by 5.87%. The Services sector was the second in terms of recorded growth with 3.19% increase after the total value of its listed companies reached K.D. 8.55 billion. The third place was for the Banks sector, which total market capitalization reached K.D. 12.65 billion by the end of the week, recording an increase of 1.44%. The Industry sector was the least growing with 0.59% recorded growth after its market capitalization amounted to K.D. 2.74 billion. On the other hand, the Non Kuwaiti companies sector was last week’s only decliner as its total market capitalization decreased by 0.15% to reach, by the end of the week, K.D. 3.03 billion.

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