By: Mohamed Farouk   

Mubasher: The Kuwaiti indices closed the week ended on Thursday, 16 April, on a collective rise amid relatively high trade despite the coronavirus (COVID-19) pandemic.

The Premier Market index hit the highest weekly gain after rising by 4.25% or 209 points and settling at 5,119.94 points, compared with 4,910.98 points a week earlier.

The Main Market closed the week at 4,011.54 points, up by 0.81% or 32.4 points weekly from 3,979.16 points last week.

Moreover, the BK 50 Index went up by 2.45% or 95.12 points on a weekly basis, closing at 3,979.55 points.

The All-Share Index increased by about 3.27% or 150 points to finish at 4,746.44 points from 4,596.32 points in the previous week.

Liquidity 

Meanwhile, the market's liquidity inched up by 0.31% weekly to KWD 189.96 million this week from KWD 189.37 million. Weekly trading volume amounted to 702.41 million shares, slightly up by 0.98% from 695.57 million traded shares in the previous week.

The number of concluded transactions totalled 40,310 this week as compared to 48,570 last week, posting a 17% weekly decline.

Market Cap

By the end of the week, Boursa Kuwait’s market cap value totalled KWD 27.04 billion ($86.98 billion), compared with KWD 26.18 billion ($84.23 billion) in the past week.

Additionally, the bourse generated KWD 854 million ($2.75 billion) worth of market gains, up by 3.26% weekly.

On an annual basis, the market cap slid by 24.12% year-to-date (YTD), incurring losses of KWD 8.6 billion ($27.66 billion), compared with KWD 35.6 billion ($114.6 billion) by the end of 2019.