Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index ended last week with a decrease amounted to 1.29%, while the weighted index dropped by 1.72% compared to the closings of the week before. Furthermore, last week’s average daily turnover increased by 26.11%, compared to the preceding week, reaching KD 17.73 million, whereas trading volume average was 112.31 million shares, recording increase of 34.02%. KSE performance marked with hesitant selling trend, dominated most of the last week, as selling pressure was notable, especially on Banking and services sectors; on the other hand, the market witnessed fast profit tanking operations, along with speculations on the small stocks. The result was weekly loss, as the market noticed to record calm weekly gains or losses during the past weeks .

In addition, some of the companies, which were suspended in the week before, announced its results during last week. The total profits for all the companies, announced its results were KD 1.27 billion, with 28.83% retreat compared to the same period last year, where it was KD 1.79 billion.
By the end of the week, the price index closed at 5,782 points, down by 1.29% from the week before closing, whereas the weighted index recorded a 1.72% decline after closing at 406.95 points.

Sectors’ Indices
Six of KSE’s sectors ended last week in the red zone, while one recorded increase, On the other hand, the Insurance sector’s index closed with no change from the week before.
The Food sector headed the losers list as its index declined by 4.61% to end the week’s activity at 4.257.9 points. The Investment sector was second on the losers’ list, which index declined by 2.09%, closing at 3,558.3 points, followed by the Real Estate sector, as its index closed at 2,010.5 points at a loss of 1.94%.
The Banks sector was the least declining as its index closed at 11.349.6 points with a 1.53% decrease. On the other hand, the Industry sector was last week only gainer, which index grew by 0.56%, closing at 4,376.6 points.

Sectors’ Activity
The Investment sector dominated total trade volume during last week with 159.75 million shares changing hands, representing 28.45% of the total market trading volume.
The Services sector was second in terms trading volume as the sector’s traded shares were 27.23% of last week’s total trading volume, with a total of 152.93 million shares.
On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 35.81 million or 40.38% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 19.62 million represented 22.12% of the total market trading value.

Market Capitalization
KSE total market capitalization declined by 1.71% during last week to reach KD 28.69 billion, as seven of KSE’s sectors recorded a decrease in their respective market capitalization, whereas the Insurance sector’s market capitalization remained the same from the week before.
The Food sector was the most declining as its total market capitalization reached KD 703.35 million, decreasing by 2.72%. The Investment sector was the second in terms of recorded decline with 2.67% decrease after the total value of its listed companies reached KD 2.09 billion.
The third place was for the Real Estate sector, which total market capitalization reached KD 1.70 billion by the end of the week, recording a decline of 2.47%. The Industry sector was the least declining with 0.87% recorded decrease after its market capitalization amounted to KD 2.31 billion.

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