Kuwait-Mubasher: The benchmark index of Kuwait Stock Exchange (KSE) rose by 0.18% or 9.4 points to settle at 5,140.96 points by the end of the week ended 18 February as compared to 5,131.56 points in the previous week.
The weighted index retreated by 0.15% or 0.53 points to reach 349.83 points this week from 350.36 in the past week.
Also, KSX 15 ended the week at 822.89 points, 0.52% or 4.28 points lower from 827.17 points in the previous week.
Better corporate reporting and current stability of oil prices helped the bourse hold up in critical time where incentives that could encourage heavy players to roll up their sleeves are absent, said technical analyst Nawaf Al-Oun.
KSE’s liquidity dropped 25.5% to reach KWD 44.72 million during the week, after trading volume fell by 12.6% to 617.89 million shares which were traded through about 15,400 transactions, 12.7% down from last week.
The market cap lost KWD 40 million over the week to reach KWD 23.98 billion as compared to KWD 24.02 billion a week ago.
