Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.34 percent, while the weighted index rose by 0.93 percent compared to the closings of the week before. Furthermore, last week’s average daily turnover increased by 63.72 percent, compared to the preceding week, reaching KD 23.98 million, whereas trading volume average was 114.68 million shares, recording decrease of 4.74 percent.
KSE managed to record limited gains to both of its indices, supported by selective buying deals, especially on Banks sectors. In addition, some stocks witnessed positive speculations, as a result, the market weighted index showed better performance than the price index. On the other hand, the last minute deals succeeded in enhancing KSE performance, as it managed in few times to support the market indices to record green closings, other times it helped only to lighten the losses. Moreover, the traders are waiting for the annual results for listed companies, as these results are conclusive to determine their investment targets for 2012.

By the end of the week, the price index closed at 5,814.2 points, up by 0.34 percent from the week before closing, whereas the weighted index registered 0.93 percent weekly gains after closing at 405.62 points.
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 Insurance sector, achieving 6.11 percent growth rate as its index closed at 2,704.9 points. Whereas, in the second place, the Non Kuwaiti Company sector’s index closed at 5,114.3 points recording 1.17 percent increase. The Banks companies sector came in third as its index achieved 0.70 percent growth, ending the week at 11,303.1 points. The Investment sector was the least growing as its index closed at 3,564.8 points with a 0.16 percent increase.

On the other hand, the Industrial sector headed the losers list as its index declined by 1.72 percent to end the week’s activity at 4,225.10 points. The Real Estate sector was second on the losers’ list, which index declined by 0.33 percent, closing at 2,035.8 points.
The Investment sector dominated total trade volume during last week with 153.51 million shares changing hands, representing 26.77 percent of the total market trading volume. The Services sector was second in terms trading volume as the sector’s traded shares were 25.30 percent of last week’s total trading volume, with a total of 145.07 million shares. On the other hand, the Banks sector’s stocks where the highest traded in terms of value; with a turnover of KD 46.52 million or 38.80 percent of last week’s total market trading value. The Services sector took the second place as the sector’s last week turnover of KD 32.87 million represented 27.42 percent of the total market trading value.

KSE total market capitalization grew by 0.97 percent during last week to reach KD 28.55 billion, as five of KSE’s sectors recorded an increase in their respective market capitalization, whereas the other three recorded declines. The Insurance sector headed the growing sectors as its total market capitalization reached KD 314.98 million, increasing by 5.82 percent. The Services sector was the second in terms of recorded growth with 1.63 percent increase after the total value of its listed companies reached KD 7.12 billion. The third place was for the Non Kuwaiti Company sector, which total market capitalization reached KD 1.62 billion by the end of the week, recording an increase of 1.50 percent. The Food sector was the least growing with 1.25 percent recorded growth after its market capitalization amounted to KD 716.13 million.
On the other hand, the Industry sector headed the decliners list as its total market capitalization decreased by 1.38 percent to reach, by the end of the week, KD 2.22 billion. The Real estate sector was second on this list, which market value of its listed companies declined by 0.84 percent, reaching KD 1.71 billion, followed by the Investment sector, as its market capitalization amounted to KD 2.09 billion at a 0.60 percent decrease.


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