Kuwait Stock Exchange (KSE) ended last week in the red zone. The price index ended last week with a decrease amounted to 0.41 percent, while the weighted index declined by 0.38 percent compared to the closings of the week before, whereas KSX-15 Index dropped by 0.77 percent. Furthermore, last week’s average daily turnover decreased by 34.39 percent, compared to the preceding week, reaching K.D 10.77 million, whereas trading volume average was 100.47 million shares, recording growth of 0.85 percent.
The stock market continued its loss series for the third consecutive week due to many negative factors, chief among them the powerful selling operations to a large number of listed companies’ stocks of most sectors. In addition, the speculation trend continued to form a strong pressure factor on the three market indices, which included large and small-cap stocks, causing the market main index to fluctuate in some daily sessions.

On the other hand, Kuwait Stock Market suffered last week from a general weakness in trading activity and decrease in liquidity, as a result of the pause state witnessed by the market due to the delayed semi-annual financial results announcements of many listed companies. The number of declared companies reached 24 percent as of Thursday out of 199 listed companies, realizing net profit KD 340.61 Million, with a decline of 46.56 percent when compared to KD 637.31 Million for the same period of 2011.
As far as the annual indices performance, all of the market main indices recorded losses. While the price index recorded decrease of 1.56 percent; the weighted index recorded loss amounted to 2.71 percent and KSX-15 index retreated by 4.95 percent. However, market capital value reached K.D 26.72 billion by the end of the week, recording a decrease of 6.40 percent compared to K.D 28.55 billion by the end of 2011.
By the end of the week, the price index closed at 5,723.61 points, down by 0.41 percent from the week before closing, whereas the weighted index registered a 0.38 percent weekly loss after closing at 394.61 points. Moreover, the KSX-15 index recorded 0.77 percent weekly loss after closing at 950.50 points.

Sectors’ Indices
Seven of KSE’s sectors ended last week in the red zone, while the other five recorded increases. The technology sector headed the losers list as its index declined by 7.21 percent to end the week’s activity at 978.39 points. The Health Care sector was second on the losers’ list, which index declined by 5.85 percent, closing at 974.36 points, followed by the Basic Materials sector, as its index closed at 895.50 points at a loss of 2.94 percent. The Telecommunication sector was the least declining as its index closed at 858.80 points with a 0.42 percent decrease.
On the other hand, last week’s highest gainer was the Consumer goods sector, achieving 2.40 percent growth rate as its index closed at 958.46 points. Whereas, in the second place, the oil & gas sector’s index closed at 839.68 points recording 1.80 percent increase. The Real Estate sector was the least gainer as its index closed at 884.57 points with a 0.13 percent increase.

Sectors’ Activity
The Financial Services sector dominated total trade volume during last week with 211.41 million shares changing hands, representing 42.08 percent of the total market trading volume. The Real Estate sector was second in terms trading volume as the sector’s traded shares were 18.03 percent of last week’s total trading volume, with a total of 90.60 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 14.27 million or 26.50 percent of last week’s total market trading value. The Banks sector took the second place as the sector’s last week turnover of KD 11.64 million represented 21.61 percent of the total market trading value.

Market Capitalization
KSE total market capitalization declined by 0.38 percent during last week to reach KD 26.72 billion. With the end of last week, most sectors of the Kuwait Stock Exchange recorded a decline in value, The technology sector headed the decliners list as its total market capitalization reached KD 64.73 million, decreasing by 5.89 percent. The Basic Materials sector was the second in terms of recorded decline with 2.83 percent decrease after the total value of its listed companies reached KD 563.53 million. The third place was for the Health Care sector, which total market capitalization reached KD 187.63 billion by the end of the week, recording a decline of 1.52 percent. The Telecommunications sector was the least declining with 0.02 percent recorded decrease after its market capitalization amounted to KD 3.80 billion.
On the other hand, The Oil & Gas sector headed the growing sectors as its total market capitalization reached KD 328.99 million, increasing by 3.84 percent. The Consumer Goods sector was the second in terms of recorded growth with 2.88 percent increase after the total value of its listed companies reached KD 609.99 million. The Consumer Services sector was the least Industrials with 1.26 percent recorded growth after its market capitalization amounted to KD 751.17 million.


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