Kuwait bourse indices log positive week

Market capitalization up 0.9 pct at KD 26.23 bln

By KFH Capital

The KSE Indices witnessed a positive week as indices increased this week. The KSE price index closed at 5,748.09 an increase of 1.27% up 71.87 points compared to the previous week. As the MUDX witnessed increase this week of 1.32% to close at 590.22 for the week. While the market blue-chip index the KSX 15 closed on an increase of 2.53 points up 0.29% during the week to close at 885.02.

The reported weekly volumes were 936.62 million shares compared to 733.93 million shares in previous. Among the major contributors, the Financial Services Sector (contributing 40.75%) witnessed 381.68 million shares of trading compared to 276.32 million shares in the previous week, while Real Estate Sector (contributing 27.77%) witnessed 260.11 million shares of trading compared to 225.89 million shares in the previous week.

The overall Market Cap witnessed an increase this week as it stood at KWD 26.23 billion up 0.9% on weekly basis. As for the blue chips, National Bank of Kuwait — NBK (Mcap – KWD 3.663 billion) saw its market cap increased by1.56% during the week. Furthermore, Mobile Telecommunication Co — Zain ( Mcap — KWD 1.768 billion) saw its market cap decreased by 1.2%. However ,Ahli United Bank — AUB (Mcap — KWD 1.32 billion) saw it market cap unchanged.

On the total market breadth, Of the 56 Islamic Companies, 25 advanced while 22 declined during the week.

The Islamic universe market cap witnessed its market cap an increase of 1.58% to close at KWD 7.1 billion. The universe heavyweights Kuwait Finance House — KFH (Mcap — KWD 2.83 billion) saw its market cap increase by 1.89% during the week. While Boubyan Bank (Mcap — KWD 855.73 million) saw its market cap decreased by 1.25% during the week. Kuwait Telecommunication Co — VIVA (Mcap-KWD 464.44 million) saw its market cap increase by 1.09%