Arab Today, arab today kuwait stock exchange ends week in red zone
Last Updated : GMT 20:29:33
Arab Today, arab today
Arab Today, arab today

Kuwait Stock Exchange ends week in red zone

Arab Today, arab today

Arab Today, arab today Kuwait Stock Exchange ends week in red zone

Kuwait Stock Exchange
Kuwait - KUNA

Kuwait Stock Exchange (KSE) ended last week in the red zone. The Price Index closed at 7,361.61 points, down by 0.72 percent from the week before closing, the Weighted Index decreased by 0.98 percent after closing at 482.16 points, whereas the KSX-15 Index closed at 1,170.71 points, down by 1.68 percent.
According to the weekly report by Bayan Investment Company, last week's average daily turnover decreased by 15.51 percent, compared to the preceding week, reaching K.D 17.07 million, whereas trading volume average was 144.05 million shares, recording a decrease of 21.16 percent.
As far KSE's performance during last week, the Price Index initiated the first session of the month's last week with a loss, going in an opposite direction of all the expectations and the financial and technical standards, among selling operations and weak fluctuated trades executed on the small-cap stocks and some investment groups, accompanied by the Price Index and KSX-15 Index, to end the first session of the week in the red zone, and close below the 7,400 point level.
Furthermore, the stock market indices continued its downward direction on the second session of the week, whereas the Price Index lost 65.02 point to reach 7,317.17 point, followed by the Weighted Index and KSX-15 indices, due to the selling pressures and the tensed atmosphere that the traders are living as a result to the drop of the indicators' performance and the lack of liquidity, in light of unreasonable selling operations and purchase reluctance, ignoring by that the positive third quarter financial results of 2014 which disclosed by some listed companies.
On the other hand, the KSE indices were able to hold and go back to its upward direction once again on Tuesday's session, as the Price Index increased after the profit collection operations during the previous two sessions, supported by the active speculative operations on the low-priced stocks, whereas most of the large-cap stocks remained at its previous levels, influenced by the psychological support that came in line with opening the National Assembly new legislative cycle, among a general decline in the trading activity.
Moreover, the stock market continued its upward direction for the three indicators on Wednesday's session, whereas the trading activity increased, especially the value by 71.19 percent from the previous session, to reach K.D. 22.45 million approximately, supported by the strong and active purchasing operations executed on the small-cap stocks, that succeeded in returning to lead the stock market and push it to increase once again, after the pervious selling pressures.
The stock market ended the weekly trading activity with mixed closings to its three indices and recorded a decline to the cash liquidity and traded volume, as the Price Index declined in the last session of the week, whilst the Weighted Index and KSX-15 increased, supported by the selling operations executed on the stocks groups, especially after the positive disclosure of some listed companies to its third quarter financial results.
For the annual performance, the price index ended last week recording 2.49 percent annual loss compared to its closing in 2013, while the weighted index increased by 6.47 percent, and the KSX-15 recorded 9.57 percent growth.
Eight of KSE's sectors ended last week in the red zone, while the other three recorded increases, whereas the Health sector's index closed with no change from the week before.
The Telecommunications sector headed the losers list as its index declined by 2.92 percent to end the week's activity at 696.09 points. The Oil and Gas sector was second on the losers list, which index declined by 1.65 percent, closing at 1,199.62 points, followed by the Financial Services sector, as its index closed at 1,020.07 points at a loss of 1.07 percent. The Banks sector was the least declining as its index closed at 1,109.45 points with a 0.19 percent decrease.
Last week's highest gainer was the Technology sector, achieving 1.54 percent growth rate as its index closed at 992.09 points. Whereas, in the second place, the Basic materials sector's index closed at 1,202.14 points recording 1.11 percent increase. The Consumer Goods sector came in third as its index achieved 0.63% growth, ending the week at 1,355.41 points.
The Financial services sector dominated total trade volume during last week with 375.32 million shares changing hands, representing 52.11 percent of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 19.68 percent of last week's total trading volume, with a total of 141.76 million shares.
Meanwhile, the Banks sector's stocks were the highest traded in terms of value; with a turnover of K.D 29.32 million or 34.35 percent of last week's total market trading value.
The Financial Services sector took the second place as the sector's last week turnover was K.D 24.31 million represented 28.47 percent of the total market trading value.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait stock exchange ends week in red zone Arab Today, arab today kuwait stock exchange ends week in red zone

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait stock exchange ends week in red zone Arab Today, arab today kuwait stock exchange ends week in red zone

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Tillerson heads to Gulf, downbeat

GMT 09:23 2017 Friday ,20 October

Tillerson heads to Gulf, downbeat
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Shery Adel happy for Egypt’s qualification

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday