Kuwait Stock Exchange (KSE) ended last week in the green zone for the second week. The price index ended last week with an increase amounted to 0.54%, while the weighted index raised by 0.12% compared to the closings of the week before. Furthermore, last week’s average daily turnover increased by 24.29%, compared to the preceding week, reaching KD 24.18 million, whereas trading volume average was 205.32 million shares, recording increase of 38.22%. The political factors continued to be the main mover for the market, as the week before the last, witnessed the resignation of the government resulting cautious atmosphere in the market until the new government economic polices get clear.

In addition, His Highness The Amir of Kuwait, disbandment the parliament during last week, to end the longest conflict in Kuwait history between the government and the parliament. Nevertheless, the recent events inspired the traders for better economic situation in the future, resulting paying trend, along with growth for the trading activities, whether the daily turnover, or the daily volume. The buying deals included wide variety of stocks, especially the low price stocks.
By the end of the week, the price index closed at 5,867 points, up by 0.54% from the week before closing, whereas the weighted index recorded a 0.12% increase after closing at 413 points.

Sectors’ Indices
Five of KSE’s sectors ended last week in the green zone, while the other three recorded declines. Last week’s highest gainer was the Non Kuwaiti Companies sector, achieving 3.73% growth rate as its index closed at 5,460.7 points. Whereas, in the second place, the Services sector’s index closed at 13,294.2 points recording 1.21% increase.
The Real Estate sector came in third as its index achieved 0.52% growth, ending the week at 2,055.9 points. The Investment sector was the least growing as its index closed at 3,621.5 points with a 0.07% increase.
On the other hand, the Industry sector headed the losers list as its index declined by 0.92% to end the week’s activity at 4,327.8 points. The Insurance sector was second on the losers’ list, which index declined by 0.53%, closing at 2,479.6 points, followed by the Banks sector, as its index closed at 11,426.9 points at a weekly loss of 0.08%.

Sectors’ Activity
The Investment sector dominated total trade volume during last week with 429.89 million shares changing hands, representing 41.87% of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 20.97% of last week’s total trading volume, with a total of 215.31 million shares.
On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 43.14 million or 35.68% of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 29.50 million represented 24.40% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 0.10% during last week to reach KD 29.10 billion, as five of KSE’s sectors recorded an increase in their respective market capitalization, whereas the other three recorded declines. The Non Kuwaiti Companies sector headed the growing sectors as its total market capitalization reached KD 1.74 billion, increasing by 2.28%. The Real Estate sector was the second in terms of recorded growth with 0.54% increase after the total value of its listed companies reached KD 1.73 billion.
The third place was for the Services sector, which total market capitalization reached KD 7.22 billion by the end of the week, recording an increase of 0.38%. The Investment sector was the least growing with 0.16% recorded growth after its market capitalization amounted to KD 2.14 billion.
On the other hand, the Industry sector headed the decliners list as its total market capitalization decreased by 0.81% to reach, by the end of the week, KD 2.31 billion. The Insurance sector was second on this list, which market value of its listed companies declined by 0.50%, reaching KD 287.64 million, followed by the Banks sector, as its market capitalization amounted to KD 12.96 billion at a 0.23% decrease.

For further details, please visit our website: www.bayaninvest.com.