Kuwait Stock Exchange (KSE) ended last week with variance on its indices performance. The price index ended last week with an increase amounted to 0.35%, while the weighted index decreased by 0.11% compared to the closings of the week before. Furthermore, last week's average daily turnover increased by 34.75%, compared to the preceding week, reaching K.D 22.49 million, whereas trading volume average was 22.49 million shares, recording increase of 85.24%. The selling pressure continued to dominate the market during last week, especially on Banking and Services sectors. On the other hand, speculations and quick profit taking were present; both of them concentrated on small stocks, especially on Real Estate and Investment sectors. In addition, some selective buying deals were done, especially on the leading stocks, which supported the market, and helped it lighten its losses. By the end of the week, the price index closed at 5,764.9 points, up by 0.35% from the week before closing, whereas the weighted index registered a 0.11% weekly loss after closing at 398.86 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 1.28% growth rate as its index closed at 5,209.9 points. Whereas, in the second place, the Services sector’s index closed at 13,110.6 points recording 1.22% increase. The Food companies sector came in third as its index achieved 0.76% growth, ending the week at 4,236.6 points. The Investment sector was the least growing as its index closed at 3,539.6 points with a 0.38% increase. On the other hand, the Insurance sector headed the losers list as its index declined by 1.39% to end the week’s activity at 2,596.2 points. The Industry sector was second on the losers’ list, which index declined by 1.12%, closing at 4,099.3 points, followed by the Banks sector, as its index closed at 11,210.2 points at a weekly loss of 0.44%.

Sectors’ activity
The Services sector dominated total trade volume during last week with 433.73 million shares changing hands, representing 35.96% of the total market trading volume. The Investment sector was second in terms trading volume as the sector’s traded shares were 26.88% of last week’s total trading volume, with a total of 324.18 million shares. On the other hand, the Services sector’s stocks where the highest traded in terms of value; with a turnover of K.D. 42.23 million or 37.54% of last week’s total market trading value. The Investment sector took the second place as the sector’s last week turnover of K.D. 25.11 million represented 22.33% of the total market trading value.

Market capitalization
KSE total market capitalization declined by 0.12% during last week to reach K.D. 28.07 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 K.D. 1.65 billion, increasing by 1.24%. The Investment sector was the second in terms of recorded growth with 0.52% increase after the total value of its listed companies reached K.D. 2.08 billion. The third place was for the Services sector, which total market capitalization reached K.D. 6.93 billion by the end of the week, recording an increase of 0.44%. The Real Estate sector was the least growing with 0.20% recorded growth after its market capitalization amounted to K.D. 1.69 billion.
On the other hand, the Insurance sector headed the decliners list as its total market capitalization decreased by 1.36% to reach, by the end of the week, K.D. 301.28 million. The Industry sector was second on this list, which market value of its listed companies declined by 1.17%, reaching K.D. 2.13 billion, followed by the Banks sector, as its market capitalization amounted to K.D. 12.58 billion at a 0.55% decrease.

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