KUWAIT CITY, April 8: This has been a positive week for the indices. As KSE price index closed up a mere 0.03%, 5,230.44 up 1.69 points compared to the week before. MUDX was again the top performer with 0.49% gains while the market blue-chip index the KSX15 was up by 2.37 points to close at 852.87.

Gulf markets rose on closing day after Brent crude oil jumped 5% to back above $40 a barrel.

 The reported weekly volumes were 930.22 million shares compared to 1,019.76 million shares in previous week a decrease of 8.8% in share trading. Among the major contributors the Real Estate Sector (contributing 28.84%) witnessed 268.27 million shares of trading compared to 374.53 million shares in the previous week, while Financial Services Sector (contributing 30.31%) witnessed 281.05 million shares of trading compared to 237.72 million shares in the previous week.

Sectors with notable volumes included the Industrials sector as it witnessed trading to the tune of 41.6 million traded shares compared to 14.26 million shares during previous week. Zima Holding Co (Mcap – KD 34.24 million) witnessed 40.30 million traded shares during the week; after the company reported KD 0.07 million for fiscal year 2015 results.

The overall Market Cap was up by a marginal 0.3% as it stood at KD 24.79 billion as KSE. As for The Blue Chips  National Bank of Kuwait — NBK (Mcap – KD 3.49 billion)  saw its market cap decline  to 1.4%. However; counters with exceptional gains include Kuwait Food Co.  –Americana  (Mcap – KD 1.02 billion)  saw its market cap move up by 4.07%.

On the total market breadth, Of the 56 Islamic Companies, 19 advanced while 15 declined during the week.

The Islamic universe market cap witnessed a an increase of .58% in its market cap to close at KD 6.38 billion. The universe heavyweights like Kuwait Finance House – KFH (Mcap – KD 2.42 billion)  saw an increase of 1.4% in its market cap. While  Boubyan Bank (Mcap – KD 866.57 million) also saw a decline of 1.18% in its market cap. Ahli United Bank – AUB (Mcap – KD 700.82 million) saw an increase of 1.14% in its market cap. Kuwait Telecommunications Co. (Mcap- KD 519.38 million) saw an increase of 2.0

By KFH Capital