Kuwait Stock Exchange’s (KSE) price index fell by 253.26 points or 3.88% to reach 6,282.46 points in the end of March 2015, compared to 6,535.72 points in March 2014.
The weighted index retreated by 11.71 points or 2.67% to end at 427.17 points in March 2015, compared to 438.88 points in the corresponding period of 2014.
KSE Kuwait-15 index decreased by 38.17 points or 3.6% to reach 1,021.78 points by the end of Q1-2015 compared to 1,059.95 points in Q1-2014.
“KSE investment portfolios were affected by the unstable condition in the region as well as the decline in global oil prices,” said Deputy CEO of Murabahat Investment Company Muhannad Al-Mesbah.
KSE turnover totaled KWD 1.33 billion by the end of Q1-2015, compared to KWD 1.44 billion in Q1-2014.
The trading volume reached 13.57 billion shares during the first three months of 2015, compared to 12.29 billion shares in the same period of 2014. Total transactions registered around 307,700 in Q1-2015, compared to about 303,600 transactions in Q1-2014.
“KSE turnover levels reflect the domination of investors during the first three months as well as their focus on buying cheap stocks below 100 fils,” noted Al-Mesbah.
The market capitalization lost KWD 1.27 billion to reach KWD 28.44 billion by the end of March 2014.
The telecommunication sector topped the gainers by 8.7%; while KSE Real estate sector led the decliners by 8.9%, followed by the health care and the financial services by 8.7% and 8.4% respectively.
On monthly basis, KSE price index fell by 318.97 points or 4.8% to reach 6,282.46 points in March 2015, compared to 6,601.43 points in February.
The weighted index declined by 30.56 points or 6.7% to end at 427.17 points by the end of March, compared to 457.73 points in the previous month.
KSE Kuwait-15 index dropped 95.08 points or 8.5% to reach 1,021.78 points in March, compared to 1,116.86 points in February.
