KUWAIT STOCK EXCHANGE (KSE) ended last week in the green zone. The price index ended the week with an increase amounted to 0.50 percent, while the weighted index advanced by 0.71 percent compared to the closings of the week before. Moreover, last week’s average daily turnover increased by 8.57 percent, compared to the preceding week, whereas trading volume average recorded a growth of 8.09 percent.

Moreover, the market had a positive support on the shadow of the news about the United States of America congress approval to rise the ceiling of the USA government debt, as a result, many of the world markets including KSE recorded positive performance.
On the other hand, the traders were waiting for the listed companies announcements, as until last week 58 listed companies announced their results, representing 27 percent of the total number of listed companies. The total announced profit was 637.40 million K.D, with retreat of 50.26 percent compared to the same period of last year.
By the end of the week, the price index closed at 6,066.2 points, up by 0.50 percent from the week before closing, whereas the weighted index registered a 0.71 percent weekly gain after closing at 421.23 points.

6 Months Results
By mid of last trading day of the Week, 58 companies announced their results for the 6 months 2011 with a total net profits amounting to KD 637.40 million, with retreat of 50.26 percent compared to the same period of last year, which amounted to KD 1.28 billion.
The Banks sector came first in terms of total net profits for the period, with a total of KD 294.71 million, followed by the services sector with a total of KD 182.89 million, then the Non Kuwaiti Companies sector in the third place with KD 51.24 million. Furthermore, all KSE sectors have recorded growth, except for two sector, In their companies’ total net profits for the 6 month 2011, compared to the same period of last year.

Sectors’ Indices
Five of KSE’s sectors ended last week in the green zone, while the other two recorded declines, whereas the insurance sector’s index closed with no change from the week before. Last week’s highest gainer was the banks sector, achieving 1.46 percent growth rate as its index closed at 11,919.1 points.
Whereas, in the second place, the food sector’s index closed at 4,271.3 points recording 1.10 percent increase. The real estate sector came in third as its index achieved 1.07 percent growth, ending the week at 2,075.3 points.

The industry sector was the least growing as its index closed at 4,406.7 points with a 0.56 percent increase. On the other hand, the Non Kuwaiti companies sector headed the losers list as its index declined by 2.02 percent to end the week’s activity at 5,688.9 points. The Investment sector was second on the losers’ list, which index declined by 0.05 percent, closing at 3,785.6 points.
On the other hand, and as per the announced results, KSE average P/E ratio is currently at 18.98.

Sectors’ activity
The real estate sector dominated total trade volume during last week with 107.08 million shares changing hands, representing 28.69 percent of the total market trading volume. The investment sector was second in terms trading volume as the sector’s traded shares were 18.18 percent of last week’s total trading volume, with a total of 67.84 million shares.
On the other hand, the banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 23.62 million or 40.68 percent of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 10.07 million represented 17.35 percent of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 0.72 percent during last week to reach KD 29.63 billion, as five of KSE’s sectors recorded an increase in their respective market capitalization, whereas the Insurance sector’s market capitalization remained the same from the week before, whereas the other two recorded declines.

The Banks sector headed the growing sectors as its total market capitalization reached KD 13.09 billion, increasing by 1.57 percent. The real estate sector was the second in terms of recorded growth with 1.11 percent increase after the total value of its listed companies reached KD 1.68 billion.
The third place was for the Food sector, which total market capitalization reached KD 733.42 million by the end of the week, recording an increase of 0.38 percent. The Services sector was the least growing with 0.04 percent recorded growth after its market capitalization amounted to KD 7.42 billion.

On the other hand, the Non Kuwaiti companies sector headed the decliners list as its total market capitalization decreased by 0.68 percent to reach, by the end of the week, KD 1.83 billion. The investment sector was second on this list, which market value of its listed companies declined by 0.10 percent, reaching KD 2.26 billion.

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