Kuwait Stock Exchange Monthly Report

Transcription

1 Kuwait Stock Exchange Monthly Report July 2016 Disclaimer: This report is prepared and issued by the Studies & Research Department at Bayan Investment Company, based on the available and published information and any other reliable sources, for publishing purposes only. This report is not an offer or recommendation to buy or sell any security or stock mentioned herein. However maximum care measurements have been taken to guaranty correct presented data, neither Bayan Investment Company nor any of its employees shall hold in any way responsible for an insufficient or inaccurate information. 1

2 Kuwait Stock Exchange (KSE) ended July with mixed performance. The Price Index closed at 5, points, up by 1.61% compared to the closings of the month before, the Weighted Index decreased by 0.20% after closing at points, whereas the KSX-15 Index closed at points increasing by 0.61%. Furthermore, last month's average turnover decreased by 29.01%, compared to the preceding month, reaching K.D 7.31 million, whereas trading volume average was million shares, recording decrease of 25.13%. The stock market closed mixed by the end of July, as the Price and KSX-15 indices were able to end the month's trading in the green zone as a result to the purchasing operations concentrated on the small-cap stocks and some leading stocks, while the Weighted Index was subject to a limited monthly loss affected by the profit collection operations executed on a number of blue-chip stocks. The market witnessed such fluctuation in light of the continued control of the quick speculative operations on the market trading activity, amid concentration on the small-cap stocks in particular, which positively reflected on the Price Index to make it the most gaining Index by the end of the month. Also, the market performance last month was accompanied by a noticeable decline in the trading activity compared to June's trading, especially the liquidity, which dropped steeply in some daily sessions of the month, especially in the last trading session, that witnessed a decrease in the trading 2

3 value to around K.D million only, which is the lowest level in about 14 years, particularly since September On the other hand, the market capitalisation for Kuwait Stock Exchange reached by the end of July about K.D billion, down by 0.27% from its June's level, while the market cap loss since the beginning of 2016 reached 9.54%. For the annual performance, the Price Index ended last month recording 2.92% annual loss compared to its closing in 2015, while the Weighted Index decreased by 8.12%, and the KSX-15 Index recorded 9.97% loss. 3

4 Sectors Indices Six of KSE s sectors ended last month in the green zone, while the other six recorded declines. Last week s highest gainer was the Industrial sector, achieving 7.69% growth rate as its index closed at 1, points. Whereas, in the second place, the Health Care sector s index closed at 1, points recording 5.18% increase. The Financial Services sector came in third as its index achieved 2.67% growth, ending the week at points. On the other hand, the Consumer Services sector headed the losers list as its index declined by 9.07% to end the week s activity at points. The Oil & Gas sector was second on the losers list, which index declined by 3.88%, closing at points, followed by the Basic Materials sector, as its index closed at points at a loss of 2.60%. Sectors Activity The Financial Services sector dominated total trade volume during last month with million shares changing hands, representing 39.98% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector s traded shares were 21.02% of last month s total trading volume, with a total of million shares 4

5 On the other hand, the Banks sector s stocks were the highest traded in terms of value; with a turnover of K.D million or 38.64% of last month s total market trading value. The Financial Services sector took the second place as the sector s last month turnover of K.D million representing 18.89% of the total market trading value. For further details, please visit our web site: 5