Boursa Kuwait Extends Losses for Fifth Consecutive Week
The Premier Market index on Boursa Kuwait dropped 1.89% to 8,723.6 points, extending its losses for the fifth consecutive week amid a collective decline across indices.
Boursa Kuwait continued its decline for the fifth consecutive week, as the Premier Market index fell 1.89% to close at 8,723.6 points, according to Al Bayan newspaper. The All-Share Market index dropped 2.18%, ending trading at 8,290.81 points.
The Main Market index decreased 3.60% to 8,278.92 points, and the Main 50 index finished the week down 4.92% at 9,086.19 points. Red dominated the traded sectors during the week.
The market capitalization of traded shares dropped to 49.65 billion dinars at the end of the week's trading, liquidity declined to 288.36 million dinars, and trading volumes fell to 1.08 billion shares.
At the stock level, Cement led the top losers with a decline of 17.93%, followed by First Takaful at 17.76%, then Tanjeef at 12.57%. On the other hand, Hotels topped the gainers with a growth of 8.11%, followed by KMEFIC at 7.94%, then Gulf Insurance at 7.69%. The continued losses come amid regional pressures driving investors to reduce risk.
What do these terms mean?
Premier Market Index: An index comprising the largest companies with the highest compliance with disclosure standards on Boursa Kuwait.
Market Capitalization: The total value of all shares traded in the market calculated at their end-of-period prices.
Liquidity: The value of funds traded through buying and selling during the week, measuring the level of market activity.
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