Kuwait- KSE market capitalization up by 1.04% during week 

(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week with variance in its indices. The price index ended last week with a decrease amounted to 0.10%, while the weighted index increased by 1.08% compared to the closings of the week before, where KSX-15 Index raised by 7.92%.

Furthermore, last week's average daily turnover decreased by 7.92%, compared to the preceding week, reaching KD 16.60 million, whereas trading volume average was 191.33 million shares, recording decrease of 21.36%.

KSE witnessed a state of caution as a result to the possibility of delisting some companies. Capital Markets Authority gave 8 listed companies a notice period that ends on 30th June 2012, to correct its financial positions, in order for its stocks to be traded back in the market. This situation had a negative impact on the market in general and on traders in particular.

As far as the annual indices performance, two of the market main indices recorded losses. While the price index recorded gain of 1.50%, in spite of its losses during the last weeks; the weighted index recorded loss amounted to 1.87% and KSX-15 index retreated by 3.59%.

By the end of the week, the price index closed at 5,901.57 points, down by 0.10% from the week before closing, whereas the weighted index registered a 1.08% weekly loss after closing at 398.02 points. Moreover, the KSX-15 index recorded 1.38% weekly loss after closing at 964.08 points.

Sectors' Indices
Seven of KSE's sectors ended last week in the red zone, while the other Five recorded increases. The Insurance sector headed the losers list as its index declined by 3.69% to end the week's activity at 916.75 points. The Technology sector was second on the losers' list, which index declined by 2.84%, closing at 1,115.72 points, followed by the Industrials sector, as its index closed at 914.53 points at a loss of 0.98%.

The Basic Materials sector was the least declining as its index closed at 926.12 points with a 0.16% decrease. On the other hand, last week's highest gainer was the Consumer Services sector, achieving 1.95% growth rate as its index closed at 943.26 points. Whereas, in the second place, the Telecommunications sector's index closed at 879.33 points recording 1.70% increase. The Banks sector came in third as its index achieved 1.25% growth, ending the week at 950.04 points.

Sectors' Activity
The Financial Services sector dominated total trade volume during last week with 408.06 million shares changing hands, representing 53.32% of the total market trading volume. The Real Estate sector was second in terms trading volume as the sector's traded shares were 19.74% of last week's total trading volume, with a total of 151.04 million shares.

On the other hand, the Financial Services sector's stocks where the highest traded in terms of value; with a turnover of KD 21.57 million or 32.48% of last week's total market trading value. The Banks sector took the second place as the sector's last week turnover of KD 18.76 million represented 28.24% of the total market trading value.

Market Capitalization
KSE total market capitalization grew by 1.04% during last week to reach KD 27.04 billion, as seven of KSE's sectors recorded an increase in their respective market capitalization, whereas the other five recorded declines. The Consumer Services sector headed the growing sectors as its total market capitalization reached KD 761 million, increasing by 4.39%.

The Telecommunications sector was the second in terms of recorded growth with 2.59% increase after the total value of its listed companies reached KD 3.87 billion. The third place was for the Health Care sector, which total market capitalization reached KD 222.46 million by the end of the week, recording an increase of 1.13%. The Oil & Gas sector was the least growing with 0.29% recorded growth after its market capitalization amounted to KD 378.79 million.

On the other hand, the Technology sector headed the decliners list as its total market capitalization decreased by 4.21% to reach, by the end of the week, KD 74.24 million. The Consumer Goods sector was second on this list, which market value of its listed companies declined by 2.63%, reaching KD 569.80 million, followed by the Insurance sector, as its market capitalization amounted to KD 311.34 million at a 1.83% decrease.