By: Mohamed Farouk
Mubasher: Boursa Kuwait closed the week ended on 14 May in the red territory amid low trade when compared to the previous week as the country entered into a full curfew due to the coronavirus (COVID-19) outbreak.
On a weekly basis, the Premier Market Index lost 205.66 points or 3.93% to settle at 5,024.51 points from 5,230.17 points in the week before.
The Main Market Index slumped by 77.04 points or 1.86%, closing at 4,060.89 points when compared to 4,137.93 points.
In the meantime, the BK 50 Index settled down by 101.13 points or 2.51% at 3,933.89 points from 4,035.02 points.
The All-Share Market retreated by162.81 points or 3.35%, finishing at 4,699.11 points from 4,861.92 points.
Market turnover
Over the week, Boursa Kuwait’s turnover reached KWD 86.77 million, down by 34.3% when compared to KWD 132.05 million a week ago.
Moreover, the trading volume shrank by 36% to stand at 395.84 million shares, compared to 618.3 million.
The number of transactions concluded over the week stood at 26,080, which is 17.7% less than 31,680 in the past week.
Market cap value
Boursa Kuwait’s market cap value amounted to KWD 26.77 billion ($86.78 billion) this week, compared with KWD 27.7 billion ($89.79 billion) a week earlier.
Market cap losses were KWD 928 million ($3.01 billion), down by 3.35% on a weekly basis.
Since the beginning of 2020, the market cap value has slid by 24.9%, with losses totalling about KWD 8.87 billion ($28.75 billion) from KWD 35.64 billion ($115.53 billion) at the end of 2019.
Translated by: Amal A. Wahaab
