KSE price index advances 0.89 pct during week Health Care sector heads gainers list, up by 1.83%

Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.89%, and the weighted index advanced by 0.90% compared to the closings of the week before. In addition KSX-15 index increased by 1.14%. Furthermore, last week’s average daily turnover increased by 31.70%, compared to the preceding week, reaching KD 41.41 million, whereas trading volume average was 385.13 million shares, recording increase of 5.19%.

Kuwait Stock Exchange was able to realize good gains for its three indices last week.  The purchasing transactions to large and small cap stocks, and the traders’ speculative behavior on small-cap stocks, especially in the Financial Services and Real Estate sectors, were the main factors for a green week.
The market was unstable in some sessions during last week, as it was initiating the session at low due to the selling pressures on some stocks, especially that of realized gains, which had an adverse effect on the market indices.  However, the purchasing power, which was present also, enabled the market to compensate its losses and close in the green zone.


On the other hand, last week deals witnessed increased liquidity to the market, which came as a result of the optimistic state that the investment community is living after the stability of the political environment in the country, while keeping an eye on the key officials to fulfill their promises related to providing treatment to the country’s economic plan.
For the annual performance, the price index ended last week recording 2.91% annual gain compared to its closing in 2011, while the weighted index increased by 3.78%, and the KSX-15 recorded 2.29% increase compared to its value at inception.
By the end of the week, the price index closed at 5,983.31 points, up by 0.89% from the week before closing, whereas the weighted index registered a 0.90% weekly gain after closing at 420.94 points. Moreover, the KSX-15 index closed at 1,022.93 points, decreasing with 1.14%.

Sectors’ Indices
Nine of KSE’s sectors ended last week in the green zone, The Health Care sector headed the gainers list, after its index closed at 930.03 points, to increase by 1.83%. The Consumer Services sector was the second on the list, as its index closed at 932.47 points, up by 1.55%. The Oil & Gas sector was the least on the gainers’ list, which index advanced by 0.45%, closing at 928.64 points.
On the Other hand, The Technology sector headed the losers list as its index declined by 3% to end the week’s activity at 827.78 points. The Basic Materials sector was the second on the list, as its index closed at 953.93 points, down by 1.27%. While the Insurance was the least, when its index closed at 882.01, down by 0.16%.

Sectors’ Activity
The Financial Services sector dominated total trade volume during last week with 989.27 million shares changing hands, representing 51.37% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 28.68% of last week’s total trading volume, with a total of 552.23 million shares.
On the other hand, the Banks sector’s stocks were the highest traded in terms of value; with a turnover of KD 77.70 million or 37.53% of last week’s total market trading value. The Financial Services sector took the second place as the sector’s last week turnover of KD 59.78 million represented 28.87% of the total market trading value.
 

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




 


By: Bayan Investment

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