Kuwait bourse indices close mixed – Market cap dips 0.7 pct to KD 24.56 bln
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The KSE Indices witnessed a mix week as two indices increased this week. The KSE price index closed at 5,409.36 an increase of 0.21 percent up 11.51 points compared to the previous week. As the MUDX witnessed a higher increase this week of 1.36 percent to close at 544.16 for the week. While the market blue-chip index the KSX15 closed on a decline this week at 830.97 points down 1.21 percent during the week. |
The reported weekly volumes were 494.87 million shares compared to 613.05 million shares in previous. Among the major contributors, the Financial Services Sector (contributing 33.72 percent) witnessed 166.84 million shares of trading compared to 174.14 million shares in the previous week, while Real Estate Sector (contributing 30.30 percent) witnessed 149.93 million shares of trading compared to 119.27 million shares in the previous week.
The overall Market Cap witnessed a decline this week as it stood at KD 24.56 billion down 0.7 percent on weekly basis. As for the blue chips, National Bank of Kuwait — NBK (Mcap — KD 3.32 billion) saw its market cap decrease 3.28 percent during the week. While Mobile Telecommunication Co — Zain ( Mcap — KD 1.68 billion) saw its market cap decrease by 4.88 percent. Moreover; Ahli United Bank — AUB (Mcap — KD 1.32 billion) saw it market cap increase 1.04 percent during the week.
On the total market breadth, of the 56 Islamic Companies, 20 advanced while 17 declined during the week.
The Islamic universe market cap witnessed its market cap an increase of 1.66 percent to close at KD 6.43 billion. The universe heavyweights Kuwait Finance House — KFH (Mcap — KD 2.54 billion) saw its market cap increase 1.04 percent during the week on positive Q3-16 results. While Boubyan Bank (Mcap — KD 844.90 million) saw its market cap increase 1.30 percent. Kuwait Telecommunication Co — VIVA (Mcap — KD 424.49 million) saw its market cap remain unchanged during the week.
By KFH Capital
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