Bayan Investment Company said on Saturday that Kuwait Stock Exchange indices continued to skip the “historic levels,” especially at the level of the price index, which reached its gains since the beginning of this year, 2.19 percent, ending the week’s trading at its highest level since 2014.
She (statement) in its weekly report issued today that those levels came in light of the return of confidence in the stock market and the continued optimism among traders who buy and assemble many of the stocks listed to coincide with the presence of many positive stimuli.
She explained that the capital value of the stock market gains since the beginning of the year, with the end of last week, about 16.3 billion dinars which reached 5.28 billion dinars, an increase of 4.12 per cent from its level at the end of 2016 when it stood at 4.25 billion dinars.
She pointed out that the Kuwait Stock Exchange launched its first hearings last week, and clear indicators of price growth, which continued his performance extraordinary, ending the session with gains, which represented more than 3 percent amid a broad wave of buying on the leadership and small stocks in particular.
She said the price index ended the trading week, up 47.6 percent from the closing level of the week before last with the weighted index registered a growth rate of 95.4 percent, while closed (Kuwait 15), a rise of 54.4 percent.
It showed that the stock market has seen a rise in the average daily turnover rose by 5.22 percent to nearly 8.77 million dinars, while the average amount of trading record a growth rate of 9.14 percent to about 6.873 million shares.
She (statement) that all stock market sectors recorded a growth of indicators by the end of last week, indicating that the lead was for the technology sector increased by 2.19 percent, followed by the real estate sector increased by 96.8 percent, while the third banking sector was up 42.8 percent.
And the trade value of the company reported that the financial services sector came in first place with 2.28 per cent with a total value amounted to about 8.109 million dinars in the banking sector came in second with 5.20 percent and the total value amounted to about 9.79 million dinars.
He noted that the real estate sector came in third place in terms of value traded, with total value of shares traded on the 2.79 million dinars accounted for about 3.20 percent of the total stock market trading.