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Kuwait stock exchange cap at KWD25.2 billion

Price and KSX-15 inch down, but Weighted Index yields a small weekly gain

The market capitalisation of the Kuwait Stock Exchange (KSE) amounted to KWD25.27 billion by the end of last week, indicating a marginal decline of 0.04 per cent, compared with KWD25.28bn a week earlier, according to new figures.

Year-on-year, the KSE market capitalisation of listed companies edged down by 9.70 per cent, compared with the figures it recorded at the end of 2014, when it stood at KWD27.98bn, according to a report by Bayan Investment Company.

The report, published by the Kuwait News Agency, shows that the three stock market indicators ended the week, and the year, at different notes. The Price and KSX-15 indices inched down as a result of quick speculations and selling operations, but the Weighted Index managed to yield a small weekly gain.

According to the report, last week’s average daily turnover jumped by 15.24 per cent, compared with the previous week, amounting to KWD10.2 while trading volume average stood at 121.51 million shares, up by 39.7 per cent.

The Price Index ended the past week posting 14.09 per cent annual loss, compared with its closing in 2014, while the Weighted Index decreased by 13.03 per cent and the KSX-15 dropped by 15.05 per cent.

(KWD1 = AED12.10, at the time of publishing)