KSE ends week in red zone, down 0.80%

Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index ended last week with a decrease amounted to 0.80 percent, while the weighted index declined by 1.24 percent compared to the closings of the week before, whereas KSX-15 Index dropped by 1.63 percent. Furthermore, last week's average daily turnover increased by 9.53 percent, compared to the preceding week, reaching KD 13.34 million, whereas trading volume average was 132.72 million shares, recording decrease of 6.04 percent.

The market indices performed negatively last week, however were able to realize gains in some daily sessions, supported by the purchasing power return on some investment group's stocks, and the "buy and hold" transactions on few small-cap stocks, in addition to the purchasing power on some large-cap stocks, which in turn limited the three market indices losses.

Stock market trading is experiencing a cautious state during this period, due to the investor's watch for the listed companies semi-annual financial results, which resulted in a decrease to the daily trading levels during last week, as one daily session recorded KD 9.74 million; the second lowest level for this year.

As far as the annual indices performance, all of the market main indices recorded losses. While the price index recorded decrease of 0.01 percent; the weighted index recorded loss amounted to 1.11 percent and KSX-15 index retreated by 2.96 percent. However, market capital value reached KD 27.19 billion by the end of the week, recording a decrease of 4.78 percent compared to KD 28.55 billion by the end of 2011.

By the end of the week, the price index closed at 5,813.62 points, down by 0.80 percent from the week before closing, whereas the weighted index registered a 1.24 percent weekly loss after closing at 401.13 points. Moreover, the KSX-15 index recorded 1.63 percent weekly loss after closing at 970.42 points.

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