KSE in­dices mixed amid lack­lus­ter trad­ing

KFH Cap­i­tal Weekly Mar­ket Re­port

Kuwait Times - - BUSINESS -

The KSE In­dices wit­nessed a mixed week as in­dices edged higher week. The KSE price in­dex closed at 5,676.22 with an in­crease of 0.14 per­cent up 7.73 points com­pared to the pre­vi­ous week. As the MUDX wit­nessed de­crease this week of 0.40 per­cent to close at 582.53 for the week. While the mar­ket blue-chip in­dex the KSX15 closed on an de­crease of 7.19 points down 0.81 per­cent dur­ing the week to close at 882.49.

The re­ported weekly vol­umes were 734.01 mil­lion shares com­pared to 1.066.9 mil­lion shares in pre­vi­ous. Among the ma­jor con­trib­u­tors, the Fi­nan­cial Ser­vices Sec­tor (con­tribut­ing 37.65 per­cent) wit­nessed 276.32 mil­lion shares of trad­ing com­pared to 412.73 mil­lion shares in the pre­vi­ous week, while Real Es­tate Sec­tor (con­tribut­ing 36.78 per­cent) wit­nessed 225.89 mil­lion shares of trad­ing com­pared to 390.51 mil­lion shares in the pre­vi­ous week.

The over­all Mar­ket Cap wit­nessed an de­crease this week as it stood at KD 25.99 bil­lion down 0.5 per­cent on weekly ba­sis. As for the blue-chips, Na­tional Bank of Kuwait - NBK (Mcap - KD 3.606 bil­lion) saw its mar­ket cap de­creased by 1.54 per­cent dur­ing the week. Fur­ther­more, Mo­bile Telecom­mu­ni­ca­tion Co - Zain ( Mcap - KD 1.79 bil­lion) saw its mar­ket cap de­creased by 1.19 per­cent. Also, Ahli United Bank - AUB (Mcap - KD 1.32 bil­lion) saw it mar­ket cap de­creased by 1.02 per­cent dur­ing the week.

On the to­tal mar­ket breadth, of the 56 Is­lamic Com­pa­nies, 24 ad­vanced while 11 de­clined dur­ing the week. The Is­lamic uni­verse mar­ket cap wit­nessed its mar­ket cap an de­crease of 0.47 per­cent to close at KD 6.989 bil­lion. The uni­verse heavy­weights Kuwait Fi­nance House - KFH (Mcap - KD 2.77bil­lion) saw its mar­ket cap de­crease by 1.85 per­cent dur­ing the week. While Boubyan Bank (Mcap - KWD 866.57 mil­lion) saw its mar­ket cap un­changed dur­ing the week.

Fur­ther­more, Kuwait Telecom­mu­ni­ca­tion Co. - VIVA (Mcap- KD 459.45 mil­lion) saw its mar­ket cap un­changed dur­ing the week.

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