The report went on saying that KSE ended last week with mixed performance. The Price Index closed at 7,291.09 points, down by 0.76 percent from the week before closing, the Weighted Index increased by 1.06 percent after closing at 493.08 points, whereas the KSX-15 Index closed at 1,208.68 points up by 2.09 percent.
Furthermore, last week's average daily turnover decreased by 3.72 percent, compared to the preceding week, reaching KD 21.14 million, whereas trading volume average was 149.26 million shares, recording an decrease of 12.25 percent.
Lots of small-cap stocks declined as a result to the selling pressures that targeted many of the same, especially the Real Estate and Financial Services stocks that declined the most during the week, however the selective purchasing operations that included many blue-chip and large-cap stocks, especially in the Telecommunications sector, formed a support factor for the Weighted Index and KSX-15 Index, to end the week with limited gains.
On the other hand, the stock market is suffering this period from the decreased desire to trade by many investors, due to the absence of the positive motivators that support the purchasing activity, especially that most of the listed companies have already disclosed their first quarter financial results for the current year. (end) mka.ibi.gta
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