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Boursa Kuwait sees positive performance in week

Boursa Kuwait sees positive performance in week
Photo Credit: Arabianeye-Reuters

Mubasher: The indices of Boursa Kuwait posted positive performance during the week ended on 23 March; the price index gained 3.42% or 232.75 points to end the week at 7,043.46 when compared to 6,810.71 points in the past week.

The weighted index levelled up 0.54%, and Kuwait-15 index rose by 063%.

The market’s liquidity shrank by 2.95% to total KWD 162.04 million this week from KWD 166.96 million in the previous week.

Meanwhile, trading volume decreased by 3.13% to reach 1.89 billion shares from 1.95 billion a week ago.

Boursa Kuwait saw an 8% decline in transactions which stood at nearly 34,930 this week from around 37,970 in the prior week.

The market cap gained 0.45% or KWD 130 million ($425.76 billion) to reach KWD 29.1 billion ($95.3 billion) this week from KWD 28.97 billion (94.88 billion) a week ago.