Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - KSE Ends In Red Zone To Close At 7,704.34 Pts Last Week  Join our daily free Newsletter

MENAFN - Arab Times - 15/12/2013
No. of Ratings : 0
Add to Mixx!

(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index closed at 7,704.34 points, down by 0.78% from the week before closing, the weighted index decreased by 0.68% after closing at 453.34 points, whereas the KSX-15 index closed at 1,076.02 points down by 0.26%. Furthermore, last week's average daily turnover decreased by 0.92%, compared to the preceding week, reaching K.D 24.07 million, whereas trading volume average was 280.97 million shares, recording increase of 46.08%. All KSE indices closed in the red zone for the second consecutive week, as a result to the selling operations that controlled the trading activities during most of the week's sessions, whereas the selling pressures included many listed stocks, both large-caps and small-caps, targeting profit collection.

This action came among a limited fluctuating performance due to the speculative activity that continued to control the trading activities. Moreover, the stock market is still suffering from a noticeable repulsion against trading, and weak purchasing operations, which negatively affected the trading activity in the market, especially the value that recorded in one of the sessions its lowest level since last October. On the other hand, some of the last week's traded stocks witnessed random purchasing operations enabled the market indices to limit its losses on the weekly level; also the market received some support from the collection operations performed by the investment groups, in order to improve its annual financial results, as we are approaching the year end. For the annual performance, the price index ended last week recording 29.83% annual gains compared to its closing in 2012, hile the weighted index increased by 8.55%, and the KSX-15 recorded 6.63% growth.

Sectors' Indices
Ten of KSE's sectors ended last week in the red zone, while the other two recorded increases. The Oil & Gas sector headed the losers list as its index declined by 3% to end the week's activity at 1,198.99 points. The Consumer Goods sector was second on the losers' list, which index declined by 2.42%, closing at 1,238.30 points, followed by the Basic Materials sector, as its index closed at 1,144.45 points at a loss of 1.72%. The Financial Services sector was the least declining as its index closed at 1,140.38 points with a 0.22% decrease. On the other hand, last week's highest gainer was the Consumer Services sector, achieving 1.79% growth rate as its index closed at 1,156.15 points. Whereas, in the second place, the Technology sector's index closed at 1,011.26 points recording 0.43% increase.

Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 437.59 million shares changing hands, representing 31.15% of the total market trading volume. The Industrial sector was second in terms of trading volume as the sector's traded shares were 30.99% of last week's total trading volume, with a total of 435.33 million shares.

For further details, please visit our web site: www.bayaninvest.com

On the other hand, the Real Estate sector's stocks were the highest traded in terms of value; with a turnover of K.D 34.07 million or 28.31% of last week's total market trading value. The Financial Services sector took the second place as the sector's last week turnover was K.D 32.84 million represented 27.29% of the total market trading value.


Arab Times

  MENA News Headlines
 Oct 26 2016 - Adionics successfully completes full salts extraction from different real produced water, for Oil & Gas industryMENAFN Press
(MENAFN Press) United Arab Emirates – 23rd October 2016 - While taking part in the ADIPEC Exhibition and conference 2016 in Abu Dhabi, Adionics is pleased to announce the launch of O&G SELECTEX, a ...

 Oct 26 2016 - Dubai Customs bags six awards at Ideas America 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- Dubai Customs, DC, has won two golds, one silver, and three bronze medals at the 74th Ideas America 2016 Summit, held ...

 Oct 26 2016 - Spain's King invites Prime Minister to form new governmentEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MADRID, 26th October, 2016 (WAM) -- The King Felipe VI of Spain yesterday invited, for the third time, the caretaker Prime Minister, Mariano Rajoy, to form ...

 Oct 26 2016 - DMCA launches new 'Maritime Dubai' initiativeEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) DUBAI, 26th October, 2016 (WAM) -- The Dubai Maritime City Authority, DMCA, has launched its new 'Maritime Dubai' initiative. Placed under the management of ...

 Oct 26 2016 - Historic win for UAE team at the 'F1 in Schools' World Finals 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- A team of students from Dubai picked up a coveted award in the finals of the international design competition, 'F1 in ...

 Oct 26 2016 - UAE Central Bank announces M2 increase to AED1200.2 billionEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- The UAE Central Bank has announced that the Money Supply aggregate M2 increased by 1.4%, from AED1183.9 billion at ...

 Oct 26 2016 - Jordan and Belarus discuss ties ahead of joint committee meetingEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) AMMAN, 26th October, 2016 (WAM) -- Jordan and Belarus have held political talks and discussed ways of enhancing relations in all fields ahead of a meeting ...

 Oct 26 2016 - Abu Dhabi's non-oil foreign trade soars to over AED84 billion in H1, 2016Emirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) ABU DHABI, 26th October, 2016 (WAM) -- Abu Dhabi's non-oil foreign trade through various customs ports was AED84.349 billion, registering an increase of ...

 Oct 26 2016 - UAE Embassy takes part in opening of Euro-MENA meeting in MuscatEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) MUSCAT, 26th October, 2016 (WAM) -- Khaled Al Tunaijai, Acting Charge d'Affaires at the UAE Embassy in Oman, has participated in the opening of The ...

 Oct 26 2016 - UAE- UN Secretary-General condemns terrorist attack in PakistanEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) NEW YORK, 26th October, 2016 (WAM) -- Ban Ki-moon, UN Secretary-General, has condemned a terrorist attack on a police academy in Quetta, claiming the lives ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help