LOC16:50
13:50 GMT
KUWAIT, Nov 28 (KUNA) - Last week, indicators of the Kuwait Stock Market (KSE) returned to close in the green zone once again, after several weeks of mixed performance, a report said on Saturday.
According to the latest report by Bayan Investment Company, the market received support from the purchasing powers and the collection operations that included many stocks of different sectors headed by the Telecommunications.
This came in light of optimism spread among the investors as a result of to news of the acquisition deal of 74 percent of the Viva listed stocks in the official market.
The KSE ended last week in the green zone, as the Price Index closed at 5,794.64 points, up by 1.21 percent from the week before closing, the Weighted Index increased by 0.96 percent after closing at 394.60 points, whereas the KSX-15 Index closed at 943.56 points up by 1.02 percent.
Last week's average daily turnover increased by 13.92 percent, compared to the preceding week, reaching KD 15.69 million, whereas trading volume average was 131.23 million shares, recording a loss of 1.04 percent.
The market cap for Kuwait Stock Exchange reached by the end of last week KD. 26.22 billion, increasing by 1 percent compared to its level in a week earlier which was KD 25.96 billion.
However on the annual level, the cap for the listed companies in KSE recorded a decline of 6.29 percent from its value at end of 2014, where it reached then KD 27.98 billion.
As far as KSE annual performance, the Price Index ended last week recording 11.34 percent annual loss compared to its closing in 2014, while the Weighted Index decreased by 10.09 percent, and the KSX-15 contracted by 10.98 percent, the report concluded. (end)
ka.tab.msa