Kuwait Stock Exchange’s Weekly Activity, 22-Sep-2015
Kuwait Stock Exchange’s performance was fluctuated during the last week, however positively, as the three stock indicators closed with different gains affected by the random purchasing operations that concentrated mostly on the leading and operational stocks accompanied by random speculation that were supported by the individual traders and some financial portfolios at the end of the trading period, which lasted for three days only due to the Adha Eid holiday.As far as the daily trading activity; the stock market ended the first weekly sessions in the green zone, as a result to the active speculation activity on most of the low-priced stocks and the collection operations executed on few large-cap stocks, among a noticeable increase in the trading volume which grew by 40.24%.
On the second session of the week, the market continued its positive performance, as its three indices realized gains amid active and exceptional trading on selected stocks, whereas the cash liquidity jumped by 74.29% to reach around K.D. 20.3 million by the end of the session.
Moreover, the market ended the last session of the week and just before the Adha Eid holiday with mixed closings to its three indicators, as the Price Index returned to decline affected by the profit collection operations witnessed by the stocks of previous gains, whereas it lost around 4 points by the end of the session. However, the Weighted and KSX-15 indices maintained its upward direction as a result to the selective purchasing operations executed on the leading stocks, which contributed to limiting the losses with a noticeable decline in the trading activity.
On the other hand, the market cap for KSE reached by the end of last week K.D. 25.82 billion, increasing by 1.21% compared to its level in a week earlier, which reached then K.D. 25.52 billion. However on the annual level, the losses of the KSE listed companies market cap reached 7.70% compared to its value at end of 2014, where it reached then K.D. 27.98 billion.
As far as KSE annual performance, the Price Index ended last week recording 11.95% annual loss compared to its closing in 2014, while the Weighted Index decreased by 12.31%, and the KSX-15 contracted by 11.56%.
Sectors’ Indices
Nine of KSE’s sectors ended last week in the green zone, while three recorded declines. The Banks sector headed the gainers list as its index grew by 2.64% to end the week’s activity at 916.98 points, followed by the Insurance sector, as its index recorded a weekly increase of 1.45% closing at 1,125.58 point. The Basic Materials sector came in third place, as its index increased by 1.41%, closing at 970.52 points.
On the other hand, the Technology sector headed the losers list last week, as its index declined by 1.91% closing at 864.75 point, while the Consumer Goods sector came in the second place after closing the week at 1,089.91 and losing 1.53%. The Oil & Gas sector was the least declined during last week, as its index recorded a weekly loss of 0.19%, closing at 805.72 point.
Sectors’ Activity
The Financial Services sector dominated a total trade volume of around 103.37 million shares changing hands during last week, representing 28.59% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 28.46% of last week’s total trading volume, with a total of around 102.88 million shares.
On the other hand, the Banks sector’s stocks were the highest traded in terms of value; with a turnover of around K.D 22.11 million or 46.90% of last week’s total market trading value. The Telecommunication sector took the second place as the sector’s last week turnover was approx. K.D 7.81 million representing 16.56% of the total market trading value.