Kuwait-Mubasher: The Kuwaiti stock market witnessed a negative performance during the first week in 2016.
The benchmark index retreated 2.49% or 140 points to end the week at 5,475.15 points as compared to 5,615.12 points in the previous week.
The weighted index ended this week at 372.05 points from 381.7 a week ago; a decline of 2.49% or 9.65 points.
Similarly, Kuwait-15 index lost 2.66% or 24 points to end the week at 876.45 points from 900.43 in the past week.
Liquidity decreased 13% to reach KWD 44.41 million as trading volume fell by 30.3% to423.49 million shares that were traded over the week through 9,650 transactions.
Market cap lost KWD 660 million ($2.17 billion) within a week to reach KWD 25.5 billion as compared to KWD 26.16 billion in the past week; a drop of 2.52%.
It is noteworthy that the liquidity of the Kuwaiti bourse plunged to below KWD 7 million during Wednesday’s trading session.
The current conflict between Saudi Arabia and Iran affect the markets negatively, as well as the declining oil prices which reflected on the investors’ sentiments.
