KUWAIT Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.92%, while the weighted index raised by 1.36% compared to the closings of the week before. Furthermore, last week’s average daily turnover increased by 9.72%, compared to the preceding week, reaching K.D 19.46 million, whereas trading volume average was 148.55 million shares, recording increase of 32.26%.
The main event during the last week was the local political circumstances, as His Highness, The Amir of Kuwait, accepted the resignation of the government.
The traders are looking forward to know the new government economic policies, hoping that it will carry clear improvements than the previous one on the economic issues, especially the development plan execution, as the economy of the country didn’t improve much since 2008, when Kuwait was affected by the global financial crisis impacts. That incident affected the market from different aspects, since the stock market is considered to be a mirror for the economy.

By the end of the week, the price index closed at 5,835.20 points, down by 0.92% from the week before closing, whereas the weighted index recorded a 1.36% decline after closing at 412.49 points.
Sectors’ Indices
Six of KSE’s sectors ended last week in the green zone, while the other two recorded declines. Last week’s highest gainer was the Non Kuwaiti Companies sector, achieving 2.02% growth rate as its index closed at 5,264.2 points. Whereas, in the second place, the Real Estate sector’s index closed at 2,045.2 points recording 1.73% increase. The Investment sector came in third as its index achieved 1.71% growth, ending the week at 3,619.0 points. The Food sector was the least growing as its index closed at 4,284.5 points with a 0.62% increase.
On the other hand, the Insurance sector headed the losers list as its index declined by 1.09% to end the week’s activity at 2,492.8 points. The Industry sector was second on the losers’ list, which index declined by 0.20%, closing at 4,367.9 points.

Sectors’ Activity
The Investment sector dominated total trade volume during last week with 244.01 million shares changing hands, representing 41.07% of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 25.12% of last week’s total trading volume, with a total of 149.25 million shares. On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 23.44 million or 30.12% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 22.69 million represented 29.15% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 1.36% during last week to reach KD 29.07 billion, as all of KSE’s sectors recorded an increase in their respective market capitalization except for one sector. The Real Estate sector headed the growing sectors as its total market capitalization reached KD 1.72 billion, increasing by 2.28%.
The Services sector was the second in terms of recorded growth with 2.28% increase after the total value of its listed companies reached KD 7.19 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 an increase of 2.01%.
The Food sector was the least growing with 0.12% recorded growth after its market capitalization amounted to KD 704.22 million. On the other hand, the Insurance sector was last week’s only decliner as its total market capitalization decreased by 1.18% to reach, by the end of the week, KD 289.07 million.

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