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Boursa Kuwait rises in week; market cap gains KWD 1.2bn

Boursa Kuwait rises in week; market cap gains KWD 1.2bn
The trading volume grew by 36.1% weekly

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.

Market's turnover 

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.