Kuwait-Mubasher: The benchmark index of Kuwait’s stock market ended November’s trades 0.47% or 27 points higher than its closure in October.

The price index ended the 11th month of 2015 at 5,802.39 points as compared to 5,775.36 points in October.

The weighted index closed at 392.96 points by the end of November from 388.37 points in October, a monthly rise of 1.18% or 4.6 points.

The Kuwiat-15 index rose 0.58% or 5.3 points to settle at 929.64 points from 935.06 points.

On a monthly basis, liquidity soared 35.8% to stand at KWD 312.99 million, as trading volume grew 6.6% to three billion shares which were traded through about 74,900 transactions; 16.8% higher than the deals of October.

The bourse’s market capitalization reached KWD 26.894 billion, compared to KWD 26.586 billion, an increase of KWD 308 million.

The overall performance of Kuwait’s stock market in November was fairly good in spite of the downward trend witnessed during the four weeks, as the last week of November the bourse erased all its losses, said analyst Adnan Al-delimi.

The analyst noted that the Saudi Telecom Co.’s (STC) bid to acquire the remaining 74% stake in Viva has revived investors’ sentiments, along with news about Human Soft withdrawing its delisting request, since this incident has never happened in the market before.