Kuwait bourse ends week’s trading in red –

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Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 5,708.75 points, down by 0.21% from the week before closing, the Weighted Index decreased by 0.06% after closing at 386.41 points, whereas the KSX-15 Index closed at 925.54 points down by 0.46%. Furthermore, last week’s average daily turnover decreased by 7.35%, compared to the preceding week, reaching KD 12.55 million, whereas trading volume average was 157.40 million shares, recording a growth of 11.04 %.

Kuwait Stock Exchange ended last week’s trading activity with varied losses to its three indicators, as a result to the continued control of the speculative activity over the market trading behavior, among a concentration on the small-cap stocks in particular.  Also, the stock market initiated the first session of the week with losses to the three indicators, whereas the Price Index lost 12.88 point, affected by the speculative operations executed on the small-cap stocks and the selective selling operations on some operational and leading stocks, to end the session in the red zone, with an increase in the trading volume by 25.12%.

On the second trading session of the week, the market was able to realize a grouped increases to all its indices after a series of declines, among an active purchasing activity that included many small-cap stocks and collection operations executed on the leading stocks especially in the Banks Sector, which pushed the liquidity levels to increase by 10.17% or KD 1.14 million.  Moreover, the market continued its gains for the three indices on Tuesday’s session, supported by the purchasing activity on the large-cap stocks, with a limited increase in the cash liquidity.

Furthermore, the stock market recorded different closings in the pre-final trading session of the week, as the Weighted and KSX-15 indices could not realize gains, and returned to the red zone due to the profit collection operations executed on the large-cap stocks, whilst the Price Index succeeded in continuing its positive performance to close at 5,739.32 point, among a noticeable increase in the trading value by 24.24%.

The market ended the last session of the week in the red zone on Thursday’s session, affected by the selling operations that were executed on most of the previously traded stocks during the week, whereas the Price Index decreased by 30.57 point, among a declined liquidity levels that reached around 28.86% compared to the previous session.

On the other hand, the market cap for KSE reached by the end of last week KD 25.64 billion, down by 0.06% from its level in a week earlier, which was around KD 25.66 billion.  However on an annual level, the market cap for KSE listed companies recoded a decline of 8.35% compared to its level in 2014, where it reached then KD 27.98 billion.

As far as KSE annual performance, the Price Index ended last week recording 12.65% annual loss compared to its closing in 2014, while the Weighted Index decreased by 11.96%, and the KSX-15 contracted by 12.68%.

Sectors’ Indices

Six of KSE’s sectors ended last week in the green zone, and six recorded declines. Last week’s highest gainer was the Banks sector, achieving 1.23% growth rate as its index closed at 933.27 points. Whereas, in the second place, the Basic Materials sector’s index closed at 985.28 points recording 0.94% increase. The Telecommunication sector came in third as its index achieved 0.93% growth, ending the week at 564.92 points.

On the other hand, the Insurance sector headed the losers list as its index declined by 2.80% to end the week’s activity at 1,082.49 points. The Technology sector was second on the losers’ list, which index declined by 2.22%, closing at 897.32 points, followed by the Consumer Services sector, as its index closed at 1,000.47 points at a loss of 1.87%. The Consumer Goods sector was the least declined during last week, as its index recorded a weekly loss of 0.01%, closing at 1,072.40 point.

Sectors’ Activity

The Real Estate sector dominated a total trade volume of around 302.96 million shares changing hands during last week, representing 38.50% of the total market trading volume. The Financial Services sector was second in terms of trading volume as the sector’s traded shares were 23.04% of last week’s total trading volume, with a total of around 181.30 million shares.

On the other hand, the Banks sector’s stocks were the highest traded in terms of value; with a turnover of around KD 21.37 million or 34.06% of last week’s total market trading value. The Real Estate sector took the second place as the sector’s last week turnover was approx. KD 11.92 million representing 19.01% of the total market trading value.

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