Kuwait-Mubasher: The Kuwait Stock Exchange’s (KSE) price index declined in August as much as 6.93% or 433 points to 5,820.56 points as compared to 6,253.71 points for July.

The weighted index closed the eighth month of 2015 at 385.34 points, falling 8.01% or 33.57 points, compared to 418.91 points in July.

The Kuwait-15 index dropped 9.44% or 95.77 points to settle at 919.16 points as compared to 1,014.93 points in the previous month.

The KSE’s trading value rose 37.3% to KWD 300.07 million. The trading volume increased 38% to 2.23 billion shares which were exchanged via 50,690 transactions and through 22 trading sessions.

The trading activity is expected to speed up, following the end of vacation season and the return of some catalysts which would revive the market in the coming period, analysts told Mubasher. 

Market capitalization retreated 7.8% or KWD 2.23 billion to KWD 26.42 billion in August, compared to KWD 28.65 billion in July.

Lastly, the market capitalization lost 11.1% from January to August, reaching KWD 3.29 billion as compared to KWD 29.71 billion a year ago.