Kuwait Stock Exchange (KSE) ended last week with variance on its indices. The price index ended last week with an increase amounted to 1.72%, while the weighted index decreased by 0.21% compared to the closings of the week before, whereas KSX-15 Index decreased by 0.67%. Furthermore, last week’s average daily turnover increased by 77.17%, compared to the preceding week, reaching KD 47.19 million, whereas trading volume average was 652.28 million shares, recording increase of 76.36%.

Kuwait Stock Market continued its fluctuating performance as speculative operations controlled the trading activities for quite some time. The Price Index continued its positive performance for the week, realizing gains in all the sessions, and broke the 6,500 point level for the first time since almost two years.
This performance came as a result of the heavy purchasing operations on small-cap stocks, which is considered the biggest support for the market during this period.  On the contrary, Weighted Index and KSX-15 Index declined due to the sale and profit collection operations on large-cap and leading stocks listed in the market, especially some Banking and Services sectors, which had a greater effect on KSX-15 Index.

In addition, the stock market positive performance for this week came as a result to the increase in the average trading indicators compared to one week before, and despite the market watch state to the listed companies’ results for the 2012 financial year before the expiration of the announcements legal period, which will end by the end of this month. For the annual performance, the price index ended last week recording 10.79% annual gain compared to its closing in 2012, while the weighted index increased by 3.16%, and the KSX-15 recorded 2.14% increase.
By the end of the week, the price index closed at 6,574.78 points, up by 1.72% from the week before closing, whereas the weighted index registered a 0.21% weekly loss after closing at 430.86 points. Moreover, the KSX-15 index closed at 1,030.69 points, decreasing with 0.67%.

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 Real Estate sector, achieving 4.07% growth rate as its index closed at 1,090.69 points. Whereas, in the second place, the Financial Services sector’s index closed at 960.38 points recording 2.74% increase. The Oil & Gas sector came in third as its index achieved 2.34% growth, ending the week at 1,204.35 points.
On the other hand, the Insurance sector headed the losers list as its index declined by 4.42% to end the week’s activity at 928.60 points. The Telecommunications sector was second on the losers’ list, which index declined by 1.79%, closing at 915.46 points, followed by the Consumer Goods sector, as its index closed at 960.79 points at a loss of 0.51%.

Sectors’ Activity
The Real Estate sector dominated total trade volume during last week with 1.25 billion shares changing hands, representing 38.42% of the total market trading volume. The Financial Services sector was second in terms of trading volume as the sector’s traded shares were 34.96% of last week’s total trading volume, with a total of 1.14 billion shares.
On the other hand, the Financial Services sector’s stocks were the highest traded in terms of value; with a turnover of KD 74.30 million or 31.49% 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 57.60 million represented 24.41% of the total market trading value.
 

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