LOC09:34
06:34 GMT
KUWAIT, Sept 25 (KUNA) -- Benchmark of Kuwait Stock Exchange (KSE) dropped 15 points reaching 5,390.8 points in early trades on Sunday.
Meanwhile, the weighted index edged down by 0.19 points but Kuwait-15 index inched upward, 0.5 points.
Value of traded shares has reached approximately KD 914,000, volume of exchanged stocks some 6.5 million, done in 244 transactions.
In a report released over the weekend, Bayan Investment Company said the KSE ended the past week's sessions with mixed performance as the Price Index closed at 5,405.80 points, down by 0.43% from the week before closing, the Weighted Index increased by 0.11 % after closing at 351.05 points, whereas the KSX-15 Index closed at 812.38 points down by 0.39%.
Furthermore, last week's average daily turnover increased by 3.01%, compared to the preceding week, reaching K.D 5.21 million, whereas trading volume average was 54.42 million shares, recording an increase of 13.46%, according to a report prepared by Bayan Investment Company on Saturday.
The three stock market indicators closed mixed amid a fluctuated performance in light of the continued control of the speculative behavior over the trading activity in the market, which is mainly concentrated on the small-cap stocks, it added.
Also, the market was subject to the quick profit collection operations that were present during most of the week's sessions, and included many leading and small-cap stocks.
On the other hand, the market is currently witnessing a state of cautious in dealing, due to the investors' watch for the listed companies' results for the 9 months 2016 period.
By the end of the last week, the market capitalization reached KD 23.58 billion, up by 0.11% compared to its level in a week earlier, where it reached then KD 23.55 billion.
On an annual level, the decline of market cap for the listed companies in KSE contracted by 6.69% from its value at end of 2015, where it reached then K.D. 25.27 billion. (USD=KD 0.301). (end).
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