KSE indices mixed amid lackluster trading

KFH Capital Weekly Market Report

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.