Kuwait Stock Exchange (KSE) ended last week at variance. The price index ended last week with a decrease amounted to 0.01 percent, while the weighted index increased by 0.51 percent compared to the closings of the week before, where KSX-15 Index declined by 0.15 percent. Furthermore, last week's average daily turnover decreased by 31.24 percent, compared to the preceding week, reaching 12.18 million Kuwaiti dinars, whereas trading volume average was 141.25 million shares, recording decline of 43.30 percent.
KSE indices fluctuated last week and closed at variance, as only the weighted index closed in the green zone, while the other two indices closed in the red zone. Despite the positive trading performance at the beginning of the week, due to the purchasing activity that included different large-cap and small-cap stocks; quick profit taking operations overwhelmed the purchasing power, and pulled both price and KSX-15 indices into the red zone.
Moreover, KSE performance is suffering recently from a trading weakness in general, due to the absence of positive motives that improve the traders' appetite for purchasing. This absenteeism was reflected on last week's decline in trading activity, especially the average daily turnover which never exceeded KD 12.13 million. In addition, watching state continued to appear on investors waiting for the semi-annual financial results of the listed companies, amidst hopes to be declared at an earlier time before the end of the legal declaration period, which will end mid of next month.
As far as the annual indices performance, two of the market main indices recorded losses. While the price index recorded gain of 0.80 percent; the weighted index gains reached 0.13 percent, While the KSX-15 index decreased by 1.35 percent.