Mubasher: The Boursa Kuwait’s indices closed the week ended on Thursday, 7 May, on a collective decline amid low trade when compared to the previous week as the number of coronavirus (COVID-19) case continued to rise.
The Premier Market Index dipped by 2.35% or 126.08 points, settling at 5,230.17 points this week when compared 5,356.25 points a week ago.
The Main Market Index finished at 4,137.93 points when compared to 4,226.44 points, down by 2.09% or 88.51 points on a weekly basis.
The BK 50 Index plunged by 3.64% or 152.25 points by the end of this week, closing at 4,035.02 points, compared to 4,187.27 points.
The All-Share Market retreated by 2.28%, losing around 113.5 points and settling at 4,861.92 points from 4,975.39 points.
Market’s liquidity shrinks 25%
On a weekly basis, Boursa Kuwait’s turnover slid by 25% this week to stand at KWD 132.05 million from KWD 176.07 million.
The trading volume decreased by 30.3% to reach 618.3 million shares, compared with 887.35 million.
The number of concluded transactions totalled 31,680, 14.7% less than 37,140.
Market cap value down 2.3% in week
By the end of the week, Boursa Kuwait’s market cap value dropped to KWD 27.7 billion ($89.75 billion), compared with KWD 28.35 billion ($91.86 billion) last week.
Market cap losses registered KWD 651 million ($2.11 billion) during the week, down by 2.3% weekly.
Year-to-date (YTD), the market cap value has slumped by 22.3%, with losses of around KWD 8 billion ($25.9 billion) from the level of KWD 35.64 billion ($115.48 billion) at the end of 2019.
