A recent report has estimated the capital value of the companies listed at the Kuwait Stock Exchange (KSE) at KD 31.5 billion on Thursday, the end of the trading week, marking a rise of KD 195.6 million than last week.
The report, issued by the National Investments Company, said that the KSE ended the week in the black, compared to last week as the indices, Price Index, Weighted Index, NIC 50 Index and KSX 15, rose by 1.0, 0.6, 0.7 and 0.5 percent respectively.
The trading volume and the rate of daily deals were on the rise during the week, by 13.9 percent and 11.8 percent respectively, the report said. On the other hand, the daily rate of the trading value was on the decline by 4.1 percent as it hit KD 11.8 million, compared to KD 12.3 million the previous week.
The rise came though the traded shares dropped by KD 5.2 million at the start of the trading week, the lowest since August 29, 2011, due to the a state of political congestion on the local scene.
However, the trading value soon rose to hit KD 18.9 million on Thursday, thanks to the relative stability of the political scene.
The stability of the Weighted Index and the rise of the Price Index by 17.7 points shows how profit-taking and the general trend on the market have been confined to small shares, the National Investments Company report said, highlighting to the return of the Price Index to exceed 7,000 points during the last three trading sessions of the week.
Source : KUNA Kuwait News agency
