Mubasher: The indices of Boursa Kuwait registered a drop in the first week after applying the new system of market segmentation on Sunday, 1 April.
During the week ended on 5 April, the All-Share Market index retreated by 3.6% or 180 points to 4,820.8 points.
The Main Market index retreated by 2.6% or 132.1 to close this week at 4,867.87 points.
The Premier Market index went down 4.13% or 206.5 points to 4,793.63 million shares.
The decline in Boursa Kuwait’s indices during this week was expected, but investors did not forecast this fall to last for the whole week, capital market analyst Moustafa Al Jarhy told Mubasher.
Investors were worried over the new market segmentation and that reflected on the trading performance, Al Jarhy added.
He said that developing the stock exchange is a well-known phase in economy worldwide to keep pace with the modern technology.
The negative performance controlled the market during this week, reflecting on the indices and the trading activity in general.
Boursa Kuwait’s turnover shrank by 6% to KWD 57.07 million compared to KWD 60.69 million in the previous session.
The trading volume decreased by 7.6% to 225.12 million shares from 243.63 million in the past week.
The number of transactions was down by 2.5% during this week to about 12,700 deals from around 13,020 in the previous week.
