Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.14%, while the weighted index rose by 1.08% compared to the closings of the week before. Furthermore, last week’s average daily turnover decreased by 7.60%, compared to the preceding week, reaching K.D 21.15 million, whereas trading volume average was 138.09 million shares, recording decrease of 13.96%. KSE continued recording limited gains for the forth consecutive week, as the same factors which affected the market in the previous weeks are unchanged. The market trades marked with limited change for its indices as a result of speculations, which included various stocks.

In addition, the market witnessed selective buying deals, versus swift profit taking operations. On the other hand, the traders are waiting for the 9 months 2011 results for listed companies, as until mid of Thursday, only 39% of listed companies announced its results. Their total profits were KD 1.28 billion, with 21.69% retreat compared to the same period last year, where it was KD 1.64 billion. By the end of the week, the price index closed at 5,910.20 points, up by 0.14% from the week before closing, whereas the weighted index recorded a 1.08% weekly gain after closing at 418.31 points.

Sectors’ Indices
Four of KSE’s sectors ended last week in the green zone, three recorded declines, whereas the Insurance sector’s index closed with no change from the week before. Last week’s highest gainer was the Food sector, achieving 1.44% growth rate as its index closed at 4,444.9 points. Whereas, in the second place, the Banks sector’s index closed at 11,545.3 points recording 0.83% increase. The Real Estate sector came in third as its index achieved 0.56% growth, ending the week at 2,059.7 points. On the other hand, the Non Kuwaiti Companies sector headed the losers list as its index declined by 1.39% to end the week’s activity at 5,354.3 points. The Investment sector was second on the losers’ list, which index declined by 0.20%, closing at 3,700.6 points, followed by the Services sector, as its index closed at 13,274.0 points at a loss of 0.02%.

Sectors’ Activity
The Investment sector dominated total trade volume during last week with 289.74 million shares changing hands, representing 41.96% of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 21.99% of last week’s total trading volume, with a total of 151.85 million shares. On the other hand, the Services sector’s stocks where the highest traded in terms of value; with a turnover of KD 26.79 million or 25.34% of last week’s total market trading value. The Investment sector took the second place as the sector’s last week turnover of KD 23.47 million represented 22.20% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 1.15% during last week to reach KD 29.49 billion, as five of KSE’s sectors recorded an increase in their respective market capitalization, tow recorded declines, whereas the Insurance sector’s market capitalization remained the same from the week before. The Real Estate sector headed the growing sectors as its total market capitalization reached KD 1.77 billion, increasing by 2.82%. The Food sector was the second in terms of recorded growth with 2.08% increase after the total value of its listed companies reached KD 736.09 million. The third place was for the Banks sector, which total market capitalization reached KD 13.06 billion by the end of the week, recording an increase of 1.91%. The Services sector was the least growing with 0.36% recorded growth after its market capitalization amounted to KD 7.32 billion.
On the other hand, the Non Kuwaiti Companies sector headed the decliners list as its total market capitalization decreased by 0.90% to reach, by the end of the week, KD 1.75 billion. The investment sector was second on this list, which market value of its listed companies declined by 0.20%, reaching KD 2.19 billion.

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