Kuwait-Mubasher: The price index of Kuwait Stock Exchange gained 1.3% or 64.06 points to settle at 5,010.39 points by the week ended 28 January as compared to 4,946.33 points in the previous week.
The weighted index also levelled 4.43% or 14.63 points up to 344.87 points this week from 330.24 points a week ago. Also, Kuwait-15 index climbed 5.46% or 41.94 points to settle at 809.68 points from 767.74 points.
The market got off to a strong this week, and retreated in its second session. Midweek, it closed mixed, and settled in the green for the last couple of sessions.
The decision of holding the US interest rate unchanged was supportive to the stock markets in the Gulf region, said technical analyst Abdulaziz Al-Hubail.
Over the week, turnover declined by 20.4% to KWD 63.25 million as trading volume increased by 16% to 832.9 million shares. The number of transactions 18,920 grew 13% to 18,920.
The market cap was reported at 4.42% or KWD 3.29 billion increase to settle at KWD 23.64 billion.
