Kuwait Stock Exchange (KSE) ended the last week of third quarter in the red zone, as both its main indices recorded losses. The price index ended last week with a decrease amounted to 1.40%, while the weighted index 1.16% compared to the closings of the week before. Furthermore, last week’s average daily turnover decreased by 18.55%, compared to the preceding week, reaching KD 172.43 million, whereas trading volume average was 24.08 million shares, recording increase of 22.68%.
KSE witnessed a strong trend of selling operations included many stocks in most of the sectors; in addition to the quick speculations executed by few traders on stocks of investment and real estate sectors, causing the price index a limited fluctuation.

On the other hand, the market was able to rise in few sessions last week supported by a number of leading stocks activity. The stock market also witnessed some selective purchasing transactions by few portfolios and investment groups whom are trying to elevate their assets’ market value before the end of the third quarter, which helped into keeping the market performance steady, until profit taking operations took over and pushed the market once again to the red zone.
Moreover, last moment trades witnessed by most of the daily sessions did not succeed in turning the market to the green zone, but was able to reduce its indices losses only. From another aspect, traders are watching for the third quarter results of listed companies, which will give an indication on such companies annual results; another reason to drop the liquidity flow levels into the market and relatively affect the daily trading activities in general.
By the end of the week, the price index closed at 5,833.1 points, down by 1.40% from the week before closing, whereas the weighted index registered a 1.16% weekly loss after closing at 408.52 points.

Sectors’ Indices
Six of KSE’s sectors ended last week in the red zone, while the other two recorded increases. The Non Kuwaiti Companies sector headed the losers list as its index declined by 3.25% to end the week’s activity at 5,387.1 points. The Services sector was second on the losers’ list, which index declined by 2.37%, closing at 13,039.7 points, followed by the Investment sector, as its index closed at 3,652.7 points at a loss of 1.71%. The Food sector was the least declining as its index closed at 4,034.1 points with a 0.34% decrease. On the other hand, last week’s highest gainer was the Banks sector, achieving 1.41% growth rate as its index closed at 11,776.4 points. Whereas, in the second place, the Insurance sector’s index closed at 2,588.2 points recording 0.21% increase.

Sectors’ Activity
The Investment sector dominated total trade volume during last week with 299.22 million shares changing hands, representing 34.71% of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 29.71% of last week’s total trading volume, with a total of 256.11 million shares. On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 39.26 million or 32.62% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 32.66 million represented 27.13% of the total market trading value.

Market Capitalization
KSE total market capitalization declined by 1.17% during last week to reach KD 28.73 billion, as six of KSE’s sectors recorded a decrease in their respective market capitalization, whereas the other two recorded increases. The Services sector headed the decliners list as its total market capitalization reached KD 7.09 billion, decreasing by 3.07%. The Non Kuwaiti Companies sector was the second in terms of recorded decline with 2.97% decrease after the total value of its listed companies reached KD 1.72 billion. The third place was for the Investment sector, which total market capitalization reached KD 2.14 billion by the end of the week, recording a decline of 2.87%. The Food sector was the least declining with 0.87% recorded decrease after its market capitalization amounted to KD 698.29 million.
On the other hand, the Banks sector headed the growing sectors as its total market capitalization reached KD 12.83 billion, increasing by 0.51%. The Insurance sector was the second in terms of recorded growth with 0.29% increase after the total value of its listed companies reached KD 300.63 million.


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