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Boursa Kuwait posts negative performance in week

Boursa Kuwait posts negative performance in week
Boursa Kuwait’s trading value increased by 33.8% to KWD 51.14 million

Mubasher: The indices of Boursa Kuwait registered a negative performance during the week ended on 8 March; the benchmark price index retreated 0.44% or 29.7 points to 6,788.18 points compared to 6,807.9 points in the prior week.

The weighted index also lost 0.95% or 3.9 points to 410.49 points this week, while the Kuwait-15 index levelled down by 0.76% or 7.3 points to 950.04 points.

Boursa Kuwait’s trading value increased by 33.8% to KWD 51.14 million this week from KWD 38.21 million in the prior week.

Trading volume grew by 40.9% to 319.49 million shares from 226.78 million last week.

The number of transactions levelled up by 55.1% to about 14,310 this week from nearly 9,220 in the past week.

Market cap dropped 2.7% or KWD 760 million ($2.5 billion) to KWD 27.29 billion ($91.2 billion) compared to KWD 28.05 billion ($93.7 billion) last week.