RSS
 Add News     Print  
Article List
Kuwait stock market continues bullish trend

Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 7,234.21 points, up by 0.67% from the week before closing, the Weighted Index increased by 0.34% after closing at 489.19 points, whereas the KSX-15 Index closed 1,205.10 points up by 0.34%. Furthermore, last week's average daily turnover increased by 37.57%, compared to the preceding week, reaching K.D 20.05 million, whereas trading volume average was 176.38 million shares, recording an increase of 54.37%. The stock market indicators continued to increase for the third consecutive week, supported by the purchasing and collection operations performed on the small-cap stocks, which was reflected on the Price Index in particular, to reach its highest closing level in more than two months by the end of last week. 

In addition, the listed companies results for the first six months of the current year played a great role in the realized gains during last week, whereas it sent some optimism and comfort to many traders, especially that some companies realized good gains when comparing its results with the same period of last year, which gave a positive push for the market to continue its upward direction. On the contrary, the stock market witnessed, during some daily sessions of the week, a fluctuated performance and some stocks were subject to a selling for profit operations, in addition to some quick speculations, which limited the three indicators gains, especially the Weighted and KSX-15 indices, where its weekly gains were simple compared to the Price Index.

For the annual performance, the price index ended last week recording  4.18% annual loss compared to its closing in 2013, while the weighted index increased by 8.02%, and the KSX-15 12.79% growth.
 
Sectors’ Indices
Eight of KSE’s sectors ended last week in the green zone, while the other four recorded declines. Last week’s highest gainer was the Consumer Services sector, achieving 2.66% growth rate as its index closed at 1,154.86 points. whereas, in the second place, the Industrial sector’s index closed at 1,153.76 points, recording 1.59% increase. The Technology sector came in third as its index achieved 1.47% growth, ending the week at 957.74 points.  On the other hand, the Basic Materials sector headed the losers list as its index declined by 0.80% to end the week’s activity at 1,214.45 points. The Health Care sector was second on the losers’ list, which index declined by 0.61%, closing at 1,017.96 points, followed by the Real Estate sector, as its index closed at 1,231.48 points at a loss of 0.46%.
 
Sectors’ Activity
The Financial services sector dominated total trade volume during last week with 412.75 million shares changing hands, representing 46.80% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 17.16% of last week’s total trading volume, with a total of 151.38 million shares.  On the other hand, the Financials Services sector’s stocks were the highest traded in terms of value; with a turnover of KD 24.24 million or 24.17% of last week’s total market trading value. The Industrial sector took the second place as the sector’s last week turnover was KD 21.31 million represented 21.26% of the total market trading value. 
 
For further details, please visit our web site: www.bayaninvest.com

Read By: 1602
Comments: 0
Rated:

Comments
You must login to add comments ...
About Us   |   RSS   |   Contact Us   |   Feedback   |   Advertise With Us