Boursa Kuwait ends week with mixed performance

Boursa Kuwait ended last week with mixed performance. The Price Index closed at 6,756.54 points, down by 0.11% from the week before closing, the Weighted Index decreased by 0.13% after closing at 410.14 points, whereas the KSX-15 Index closed at 948.62 points up by 0.23%.Furthermore, the week’s average daily turnover increased by 11.49%, compared to the preceding week, reaching K.D 10.74 million, whereas trading volume average was 61.89 million shares, recording a decrease of 0.88%. For the annual performance, the Price Index ended last week recording 5.44% annual gain compared to its closing in 2017, while the Weighted Index increased by 2.17%, and the KSX-15 recorded 3.69% growth.

Sectors’ Indices
Eight of Boursa Kuwait’s sectors ended last week in the red zone, four recorded increases. The Financial Services sector headed the losers list as its index declined by 2.69% to end the week’s activity at 611.52 points. The Banks sector was second on the losers’ list, which index declined by 1.37%, closing at 939.24 points, followed by the Basic Materials sector, as its index closed at 1,304.09 points at a loss of 0.99%. The Telecommunications sector was the least declining as its index closed at 543.11 points with a 0.01% decrease.

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