The KSE Indices witnessed a negative week as indices decreased this week. The KSE price index closed at 7,029.43 a decrease of 0.20 percent down 14.03 points compared to the previous week. As the MUDX witnessed a decrease this week of 3.01 percent to close at 650.84 for the week. Moreover, the market blue-chip index the KSX15 closed on a decrease of 29.31 points down 3.04 percent during the week to close at 933.84.
The reported weekly volumes were 1,296.19 million shares compared to 1,877.69 million shares in previous. Among the major contributors, the Financial Services Sector (contributing 36.79 percent) witnessed 476.24 million shares of trading compared to 648.14 million shares in the previous week, while Real Estate Sector (contributing 36.95 percent) witnessed 478.30 million shares of trading compared to 831.13 million shares in the previous week.
The overall Market Cap witnessed a decrease this week as it stood at KD 28.22 billion down 3.1 percent on weekly basis. As for the blue chips, National Bank of Kuwait — NBK (Mcap — KD 3.90 billion) saw its market cap decrease by 5.7 percent during the week. However, Mobile Telecommunication Co — Zain (Mcap — KD 1.96 billion) saw its market cap decrease by 1.09 percent during the week. Ahli United Bank — AUB (Mcap — KD 1.48 billion) saw its market cap decrease by 12.80 percent during the week.
On the total market breadth, Of the 56 Islamic Companies,4 advanced while 41 declined during the week. The Islamic universe market cap witnessed its market cap a decrease of 3.52 percent to close at KD 7.96 billion. The universe heavyweights Kuwait Finance House — KFH (Mcap — KD 3.05 billion) saw its market cap decrease by 5.97 percent during the week. Boubyan Bank (Mcap — KD 932.64 million) saw its market cap decrease by 1.20 percent this week. Furthermore, Kuwait Telecommunication Co — VIVA (Mcap — KD 496.44 million) saw its market increase by 10.59 percent during the week.