Kuwait market declines last month
Improved corporate earnings results and prevailing high oil prices could not elevate the investor sentiments during the month of February, as the Kuwait market measured by the “Global” General Index dropped by 3.19% and ended the month at 320.62 points.
The market capitalization of the stock exchange reached KD42.27bn, down 2.56% as compared to the previous month. Kuwait Stock Exchange (KSE) price index breached the 12,000 point mark on 7th February, 2006. However, KSE could not sustain the growth and closed at 11,542.9 points, declining 2.64% compared to the previous month.
The volume and value of shares traded on the bourse were subdued due to reduced number of trading days in the month. The volume of shares traded amounted to 2.89bn shares, a decline of 3.79% as compared to the previous month. On the other hand, the value of shares traded increased by 9.61% aggregating to KD1.56bn over the last month.