(MENAFN- Arab Times) Kuwait Stock Exchange (KSE) ended the month of June with variance to its indices. The Price Index closed at 6,202.95 points, down by 1.42% compared to the closing of the month before. The Weighted Index decreased by 0.45% after closing at 419.94 points, whereas the KSX-15 Index closed at 1,017.02 points increasing by 0.07%. Furthermore, last month's average turnover decreased by 6.94%, compared to the preceding month, reaching K.D 14.59 million, whereas trading volume average was 154.67 million shares, recording decrease of 16.16%.
The stock market indicators closed the month with variance, as the KSX-15 was the only index that closed in the green zone after being supported by the active purchasing power that targeted some heave stocks, whilst the Price and Weighted indices were not able to get away from the red zone, due to the quick selling and speculation operations that concentrated on the small cap stocks and negatively affected the indices performance, especially the Price Index which closed, in the session prior to the end of month session, at its lowest level since 17th December 2014.
Also the stock market witnessed such performance in light of a part of the traders' reluctance to purchase and trade in the market, as a result to the absence of the positive motivators that contribute into the gradual return of the traders' confidence, which negatively reflected on the daily trading indicators that declined compared to May's activity.
By the end of the month of June, the first half of the year ended, meaning that the market will enter into a watch state for the listed companies results for that period, which may cause the liquidity levels to continue in declining, especially that it is occurring during the holy month of Ramadan, where usually the trading activity is relatively low. In addition, the KSE indicators recorded different losses by the end of 2015 first half, whereas the Price Index declined by 5.09%, the Weighted Index lost 4.32%, and KSX-15 declined by 4.05% compared to its level at end of 2014.
Moreover, the market cap reached K.D. 28.14 billion by the end of June, with a growth of 1.14% compared to its level in May, where it reached K.D. 28.82 billion. On an annual level, the listed companies cap recorded a growth of 0.57% from its value at the end of 2014, where it reached K.D. 27.98 billion.
Sectors' Indices
Six of KSE's sectors ended last week in the red zone, while the other six recorded increases. The Financial Service sector headed the losers list as its index declined by 5.18% to end the week's activity at 743.56 points. The Telecommunications sector was second on the losers' list, which index declined by 4.57%, closing at 606.81 points, followed by the Real Estate sector, as its index closed at 1,007.32 points at a loss of 3.11%.
On the other hand, last week's highest gainer was the Consumer Services sector, achieving 2.65% growth rate as its index closed at 1,054.91 points. Whereas, in the second place, the Technology sector's index closed at 938.14 points recording 2.19% increase. The Industrial sector came in third as its index achieved 1.36% growth, ending the week at 1,122.94 points.
Sectors' Activity
The Financial Services sector dominated total trade volume during last month with 1.48 billion shares changing hands, representing 43.40% of the total Market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 36.67% of last month's total trading volume, with a total of 1.25 billion shares.
On the other hand, the Financial Services sector's stocks where the highest traded in terms of value; with a turnover of K.D. 85.83 million or 26.73% of last month's total market trading value. The Banks sector took the second place as the sector's last month turnover of K.D. 76.84 million represented 23.93% of the total market trading value.
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