Kuwait Stock Exchange (KSE) ended last week in the red zone, as both its main indices recorded losses. The price index ended last week with a decrease amounted to 0.71%, while the weighted index declined by 0.54% compared to the closings of the week before. Furthermore, last week's average daily turnover decreased by 6.29%, compared to the preceding week, reaching KD 12.57 million, whereas trading volume average was 64.43 million shares, recording decrease of 29.42%.
KSE general performance marked with hesitation, as a result of the prevailed speculation behavior by the traders. The speculation included wide variety of stocks; in addition, profit-taking operations were notable in the market. On the Other hand, the trading activities were limited, as the market was affected by the cautious state of the traders whilst waiting for the first half 2011 results.
Moreover, as nearly two weeks ended from the announcement period, only three companies announced their semi-annual financial results. By the end of the week, the price index closed at 6,168.8 points, down by 0.71% from the week before closing, whereas the weighted index registered a 0.54% weekly loss after closing at 431.44 points.
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