The KSE Indices witnessed a negative week as indices decreased this week. The KSE price index closed at 6,809.78 an decrease of 0.22 percent down 14.71 points compared to the previous week. As the MUDX witnessed an decrease this week of 0.44 percent to close at 669.6  for the week. Furthermore, the market blue-chip index the KSX15 closed on an decrease of 3.23 points down 0.33 percent during the week to close at 971.66.

The reported weekly volumes were 1,820.73 million shares compared to 2,833.30 million shares in previous. Among the major contributors, the Financial Services Sector (contributing 28.68 percent) witnessed  522.15 million shares of trading compared to 898.91 million shares in the previous week, while Real Estate Sector (contributing 40.06 percent) witnessed 729.42 million shares of trading compared to 1,059.82million shares in the previous week.

The overall market cap witnessed an increase this week as it stood at KD 29.30 billion down 0.6  percent on weekly basis. As for the blue chips,  National Bank of Kuwait - NBK (Mcap - KD 4.17 billion)  saw its market cap unchanged this week. However, Mobile Telecommunication Co - Zain ( Mcap - KD 2.07billion) saw its market cap decreased by 2.04 percent.  Ahli United Bank - AUB (Mcap - KD 1.690 billion) saw it market cap increase by 7.83 percent

On the total market breadth, Of the 56 Islamic Companies,12 advanced while 34 declined during the week.

The Islamic universe market cap witnessed its market cap an decrease of 0.47 percent to close at KD 8,236 billion. The universe heavyweights  Kuwait Finance House - KFH (Mcap - KWD 3.249 billion)  saw its market cap decrease by 1.59 percent during the week . However,, Boubyan Bank (Mcap - KW 931.56 million) saw its market cap increase by 1.22 percent during the week. However, Kuwait Telecommunication Co. - VIVA (Mcap- KD 424.49 million) saw its market decrease by 1.16 percent during the week.

KFH Capital Weekly Market Report