Kuwait-Mubasher: The price index of Kuwait’s stock market dropped 0.75% or 39.7 points to reach 5,228.75 points by the end of the last week in March as compared to 5,268.45 points in the week ended 24 March.
Meanwhile, the weighted index gained 0.24% or 0.85 points to reach 359.82 points this week, compared to 358.97 points in the past week. Kuwait-15 index rose by 1.15% or 9.71 points to 850.5 points as compared to 840.79 points.
Investors focused more on blue chips at the beginning of the week, due to dividends’ announcements, technical analyst Nawaf Al-Oun said.
He added that penny stocks were back to trading, amid the investors’ anticipation of late dividends announcements.
The market’s liquidity increased by 41.1% to KWD 91.26 million during the week, as trading volume gained 44.3% to reach 1.019 billion shares which were traded through 19,210 transactions.
Over the week, the market cap gained KWD 150 million to reach KWD 24.88 billion by the end of this week as compared to KWD 24.73 billion, according to a recent report.
