Kuwait Stock Exchange market capitalisation grows 0.4pc during week
Monday, 22 June 2009
KUWAIT CITY, June 20: Kuwait Stock Exchange's indices continued to fluctuate throughout the past week. Nevertheless, the market was eventually able to reinforce its stability and register limited gains by the end of the week.
Last week's activity was influenced by a number of internal and external factors that affected KSE's overall performance. On the internal front, the week witnessed a relative increase in the intensity of local political discussions, at a time when many are anticipating good six months results for many of the listed companies.
In addition, latest developments in the case of the disputed shares of Boubyan Bank have influenced last week's trading activity, especially Banking sectors' trades. On the other hand, a number of international stock markets have recorded declines during the past week following reports questioning the rapidity of global economies recovery, which coincided with slight fluctuations in oil prices after weeks of growth recording.
In terms of last week's day-to-day trades, KSE retreated in the first half of Sunday's session, and then started compensating its losses gradually to close in the green zone. On the second day, KSE fluctuated within a narrow range throughout most of the trading session, which witnessed a significant increase in the total traded volume and value, but managed to record additional daily gains.
As a result of profit reaping activities' control over the course of trading, the market declined during Tuesday's session, thus losing all registered gains of the previous two days. On Wednesday, KSE fluctuated, once again, but recorded daily gains for both of it main indices.
And on the last day of the week, KSE was able to record additional gains despite the incurred losses during Thursday's trading session.
By the end of the week, the price index closed at 8,311.7 points, up by 0.42 per cent from the week before closing, whereas the weighted index registered a 0.38 per cent weekly gain after closing at 462.31 points.
Four of KSE's sectors ended last week in the green zone, while the other four recorded declines. Last week's highest gainer was the Non-Kuwaiti companies sector, achieving 3.44 per cent growth rate as its index closed at 9,095.8 points. Whereas, in the second place, the Investment sector's index closed at 7,421.5 points recording 2 per cent increase.
The Industry sector came in third as its index achieved 0.56 per cent growth, ending the week at 5,969.8 points. On the other hand, the Food sector headed the losers list as its index declined by 6.92 per cent to end the week's activity at 4,709.4 points.
Last week's activity was influenced by a number of internal and external factors that affected KSE's overall performance. On the internal front, the week witnessed a relative increase in the intensity of local political discussions, at a time when many are anticipating good six months results for many of the listed companies.
In addition, latest developments in the case of the disputed shares of Boubyan Bank have influenced last week's trading activity, especially Banking sectors' trades. On the other hand, a number of international stock markets have recorded declines during the past week following reports questioning the rapidity of global economies recovery, which coincided with slight fluctuations in oil prices after weeks of growth recording.
In terms of last week's day-to-day trades, KSE retreated in the first half of Sunday's session, and then started compensating its losses gradually to close in the green zone. On the second day, KSE fluctuated within a narrow range throughout most of the trading session, which witnessed a significant increase in the total traded volume and value, but managed to record additional daily gains.
As a result of profit reaping activities' control over the course of trading, the market declined during Tuesday's session, thus losing all registered gains of the previous two days. On Wednesday, KSE fluctuated, once again, but recorded daily gains for both of it main indices.
And on the last day of the week, KSE was able to record additional gains despite the incurred losses during Thursday's trading session.
By the end of the week, the price index closed at 8,311.7 points, up by 0.42 per cent from the week before closing, whereas the weighted index registered a 0.38 per cent weekly gain after closing at 462.31 points.
Four of KSE's sectors ended last week in the green zone, while the other four recorded declines. Last week's highest gainer was the Non-Kuwaiti companies sector, achieving 3.44 per cent growth rate as its index closed at 9,095.8 points. Whereas, in the second place, the Investment sector's index closed at 7,421.5 points recording 2 per cent increase.
The Industry sector came in third as its index achieved 0.56 per cent growth, ending the week at 5,969.8 points. On the other hand, the Food sector headed the losers list as its index declined by 6.92 per cent to end the week's activity at 4,709.4 points.