LOC15:26
12:26 GMT
KUWAIT, July 4 (KUNA) -- The Kuwait Stock Exchange (KSE) continued to record collective losses of its three main indices for the third week in a row amid the continuation of speculative trading and traders' reluctance, an economic report said.
The indices of daily trading are still weak although they recorded a growth during this week compared to last week, said the report of Bayan Investment Company Saturday.
The market witnessed selling pressures during most sessions that included several stocks wheter large-cap or small-cap ones, it added.
The profit-taking of the week focused on the large-cap and blue-chip stocks, it stated, adding this was apparently shown in the Weighted Index and the Kuwait-15 Index.
The week also saw the reluctance of some traders who preferred to wait for the results of KSE-listed companies in the first half of this Fiscal Year and for the developments of the region's political situations, it said.
The KSE market capitalization this week reached KD 28.05 billion, down by 0.66 percent, compared with last week, while the market capitalization of the KSE-listed company rose by 0.26 percent compared to 2014, it mentioned. (A KD = USD 3.3)
The benchmark and weighted index of Kuwait Stock Exchange dropped at the end of Thursday's session.
The Price Index reached 6,181, down by 0.48 percent compared to the last week, while the Weighted Index edged down by 0.76 percent, closing at 418.92 points and the Kuwait-15 Index closed at 1,018 points, down by 0.56 percent compared to the last week, it said.
The average daily trading value hit KD 10.32 million, down by 14.78 percent, while the average trading volume increased by 88.3 percent to reach 84.52 million stocks, it mentioned.
According to the report, indices of seven sectors declined by the end of this week, however indices of five sectors rose. (end)
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