By: Mohamed Farouk
Mubasher: Boursa Kuwait’s indices posted a positive performance in the week ended on Thursday, 21 May, amid high trade when compared to the last week.
The Premier Market Index rose by 5.4% or 271.48 points to reach 5,295.99 points this week from 5,024.51 points a week earlier.
The Main Market closed the week at 4,161.69 points when compared to 4,060.89 points, posting a weekly rise by 2.48% or 100.8 points.
The BK 50 Index grew by 3.08% or 121.03 points to finish at 4,054.92 points from 3,933.89 points.
The All-Share Market jumped by 4.57% or 214.59 points, settling at 4,913.7 points, compared with 4,699.11 points.
Over the week, Boursa Kuwait’s liquidity soared by 35.3% to stand at KWD 117.39 million, compared to KWD 86.77 million in the previous week.
The trading volume grew by 36.1% weekly to reach 538.83 million shares from 395.84 million.
The number of transactions concluded over the week totalled 27,980, 7.25% more than 26.080 a week ago.
Market cap value
Boursa Kuwait’s market cap value amounted to KWD 28 billion ($90.88 billion), compared with KWD 26.77 billion ($86.89 billion) in the past week.
Market cap gains registered KWD 1.23 billion ($3.99 billion), up by 4.6% on a weekly basis.
Year-to-date (YTD), the market cap value has slid by 21.4%, with losses of around KWD 7.64 billion ($24.8 billion) from KWD 35.64 billion ($115.68 billion) at the end of 2019.