Add News     Print  
Article List
Price Index continues upward trend

 Kuwait Stock Exchange (KSE) ended last week with mixed performance. The Price Index closed at 7,403.83 points, up by 0.73% from the week before closing, the Weighted Index decreased by 0.70% after closing at 490.99 points, whereas the KSX-15 Index closed at 1,197.28 points down by 1.30%. Furthermore, last week's average daily turnover decreased by 0.05%, compared to the preceding week, reaching K.D 21.71 million, whereas trading volume average was 242.23 million shares, recording an increase of 7.02%.

The stock market concluded the weekly activity with mixed closings to its three indices, where the Price Index continued realizing gains for the ninth consecutive week, whilst both the Weighted and KSX-15 indices couldn't continue the rise, and recorded different losses by the end of the week. The Price Index received support from the purchasing operations that concentrated on the small-cap stocks, which pushed it to record its highest level since more than three months, in addition to the return of the speculative activity to control over the stock market trading activity, which focused mainly on the small-cap stocks as well, especially in the Financial Sector and Real Estate Sector, as both absorbed most of the liquidity bumped into the market during last week.
On the other hand, the stock market was subject to a natural profit collection operations during most of the week's sessions, concentrated on the large-cap stocks, especially that of previously realized good price gains during the latest weeks, which negatively impacted the Weighted and KSX-15 indices, to end the weekly trading in the red zone. For the annual performance, the price index ended last week recording  1.93% annual loss compared to its closing in 2013, while the weighted index increased by 8.42%, and the KSX-15 12.06% growth.
Sectors’ Indices
Nine of KSE’s sectors ended last week in the green zone, while the other three recorded declines. Last week’s highest gainer was the Technology sector, achieving 2.44% growth rate as its index closed at 990.11 points. Whereas, in the second place, the Real Estate sector’s index closed at 1,269.14 points recording 1.83% increase. The Oil & Gas sector came in third as its index achieved 1.52% growth, ending the week at 1,272.82 points.  On the other hand, the Banking sector headed the losers list as its index declined by 1.03% to end the week’s activity at 1,117.15 points. The Industrial sector was second on the losers’ list, which index declined by 0.27%, closing at 1,163.62 points, followed by the Telecommunications sector, as its index closed at 768.63 points at a loss of 0.24%.
Sectors’ Activity
The Financial services sector dominated total trade volume during last week with 591.207 million shares changing hands, representing 48.81% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 25.01% of last week’s total trading volume, with a total of 302.95 million shares.  On the other hand, the Financials Services sector’s stocks were the highest traded in terms of value; with a turnover of K.D 34.48 million or 31.76% of last week’s total market trading value. The Real Estate sector took the second place as the sector’s last week turnover was K.D 24.52 million represented 22.58% of the total market trading value. 
For further details, please visit our web site:

Read By: 1772
Comments: 0

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