Kuwait Stock Exchange (KSE) ended last week in the green zone. The price index ended last week with an increase amounted to 0.18%, and the weighted index advanced by 0.27% compared to the closings of the week before. In addition KSX-15 index increased by 0.43%. Furthermore, last week’s average daily turnover decreased by 18.02%, compared to the preceding week, reaching KD 29.78 million, whereas trading volume average was 380.78 million shares, recording decline of 28.43%. KSE performance was fluctuating during most of the last week sessions, as the quick speculative operations continued to control the market deals, on small-cap stocks in particular, which enabled the Price Index to realize different gains and close in the green zone for the eighth consecutive week.  Meanwhile, Weighted Index and KSX-15 Index realized slight gain on the weekly level, despite its decline in most of the sessions due to the selling and profit collection operations on leading and operational stocks.
 

Furthermore, the stock market witnessed low liquidity levels during last week, in addition to a decreased trading volume, which came as a result to the relative trading avoidance witnessed by the market, as many investors are watching for the listed companies’ announcements, whom did not declare its financial results for last year, and also due to the Kuwait national celebrations holiday, where market trading levels usually drop during this period of the year.
For the annual performance, the price index ended last week recording 8% annual gain compared to its closing in 2012, while the weighted index increased by 3.13%, and the KSX-15 recorded 2.67% increase.
By the end of the week, the price index closed at 6,409.04 points, up by 0.18% from the week before closing, whereas the weighted index registered a 0.27% weekly gain after closing at 430.72 points. Moreover, the KSX-15 index closed at 1,036.01 points, increasing with 0.43%.
 

Sectors’ Indices
Seven of KSE’s sectors ended last week in the green zone, while the other Five recorded declines. Last week’s highest gainer was the Oil & Gas sector, achieving 4.58% growth rate as its index closed at 1,110.76 points. Whereas, in the second place, the Technology sector’s index closed at 1,063.08 points recording 1.24% increase. The Industrial sector came in third as its index achieved 1.10% growth, ending the week at 1,008.26 points.
On the other hand, the Consumer Goods sector headed the losers list as its index declined by 2.53% to end the week’s activity at 960.60 points. The Health Care sector was second on the losers’ list, which index declined by 2.48%, closing at 965.66 points, followed by the Insurance sector, as its index closed at 971.55 points at a loss of 1.50%.

Sectors’ Activity
The Financial Services sector dominated total trade volume during last week with 764.99 million shares changing hands, representing 40.18% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 35.35% of last week’s total trading volume, with a total of 672.99 million shares.
On the other hand, the Financial Services sector’s stocks were the highest traded in terms of value; with a turnover of KD 45.98 million or 30.88% of last week’s total market trading value. The Real Estate sector took the second place as the sector’s last week turnover of KD 31.29 million represented 21.01% of the total market trading value.

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Bayan Investment