Arab Today, arab today kuwait stock market continues downward trend
Last Updated : GMT 03:27:34
Arab Today, arab today
Arab Today, arab today

Kuwait stock market continues downward trend

Arab Today, arab today

Arab Today, arab today Kuwait stock market continues downward trend

Kuwait Stock Exchange (KSE)
Kuwait - KUNA

Kuwait Stock Exchange (KSE) continued its south journey and ended last week trading in the red zone driven by the heavy selling operations under the traders' panic after the OPEC decision not to increase the oil production ceiling, a specialized economic report showed Saturday.
The report, by Bayan Investment Company, stated that the Price Index closed at 6,776.09 points, down by 3.01 percent from the week before closing, the Weighted Index decreased by 1.50 percent after closing at 456.55 points, whereas the KSX-15 Index closed at 1,110.29 points, down by 1.05 percent.
Furthermore, last week's average daily turnover increased by 19.26 percent, compared to the preceding week, reaching K.D 18.96 million, whereas trading volume average was 171.43 million shares, recording an increase of 22.47 percent.
"The stock market indicators declined as a result to the heavy selling operations executed by the investors under the panic state they lived after the OPEC decision not to increase the oil production rate," reads the report.
"The selling operations included many listed stocks of both large-cap and small-cap stocks, which negatively affected the market indicators performance, especially the Price Index, that declined in one of the week's sessions to its lowest levels since April of last year." For the annual performance, the price index ended last week recording 10.24 percent annual loss compared to its closing in 2013, while the weighted index increased by 0.81 percent, and the KSX-15 recorded 3.92 percent growth.
As for the performance of the different sectors, the report stated that all of KSE's sectors ended last week in the green zone, except for one sector. The Consumer Services sector was the only gainer, and ended last week with a 0.31 percent increase reaching 1,136.95 point.
"On the other hand, the Financial Services sector headed the losers list as its index declined by 5.21 percent to end the week's activity at 894.81 point. The Real Estate sector was second on the losers' list, which index declined by 3.70 percent, closing at 1,127.68 point, followed by the Telecommunications sector, as its index closed at 615.31 point with a loss of 3.45 percent," said the report.

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 market continues downward trend Arab Today, arab today kuwait stock market continues downward trend

 



Arab Today, arab today

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 market continues downward trend Arab Today, arab today kuwait stock market continues downward trend

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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