Mubasher: All Kuwaiti indices closed February down, with the All-Share Market falling by 4% or 253 points to 6,072.05 points when compared to 6,324.99 points in the previous month.

The Premier Index slid by 4.31% or 303.3 points by the end of February to 6,730.18 points as compared to 7,033.48 points last January.  

In the meantime, the Main Market went down by 3.11% or 153 points at 4,769.33 points from 4,922.34 points, while the newly-launched BK 50 Index retreated by 2.2% or 109.8 points to reach 4,890.23 points.   

It is worth noting that the last trading day in February was Monday, 24 Monday, as the stock market is closed from Tuesday to Thursday, 25 to 27 February, on the occasion of national holidays in Kuwait.

Monthly trading activity

Trading volume in Boursa Kuwait shrank by 12% in February to reach 3.71 billion shares as compared to 4.22 billion in January.

Turnover narrowed by 40% to KWD 522.3 million from KWD 869.51 million.

Moreover, the number of monthly transactions plunged by 13.3% to 139,390 from 160,830.

Market Capitalisation 

The bourse’s market cap value declined by 4% or KWD 1.445 billion ($4.59 billion) to KWD 34.6 billion ($113.14 billion) by the end of February, down from KWD 36.04 billion ($117.85 billion) in January.

It is noteworthy that over January and February of 2020, Boursa Kuwait’s losses amounted to KWD 1.042 billion, 2.9% lower than KWD 35.64 billion registered by 2019 year-end.