Kuwait Monthly Report - July 2017

Transcription

1. Boursa Kuwait Monthly Report July 2017 Disclaimer : This report is prepared and issued by the Studies & Research Department at Bayan Investment Company, based on the available and published information and any other reliable sources, for publishing purposes only. This report is not an offer or recommendation to buy or sell any security or stock mentioned herein. However maximum care measurements have been taken to guaranty correct presented data, neither Bayan Investment Company nor any of its employees shall hold in any way responsible for insufficient or inaccurate information. Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 1
2. Boursa Kuwait ended July in the green zone . The Price Index closed at 6,851.62 points, up by 1.31% compared to the closings of the month before, the Weighted Index increased by 3.50% after closing at 413.29 points, whereas the KSX-15 Index closed at 943.17 points increasing by 3.63%. Furthermore, last month's average turnover increased by 63.05%, compared to the preceding month, reaching K.D 13.66 million, whereas trading volume average was 82.81 million shares, recording an increase of 102.94%. The three Boursa indices were able to end the month’s trading with good gains that enabled it to compensate a part of its previous months’ losses, which came as a result to the purchasing power that included many listed stocks of most sectors, especially the leading and heavy stocks in the Technology, Oil & Gas, and the Banks sectors, and the results were clearly reflected on the Weighted and KSX-15 indices, to record relatively high gains by the end of the month. The market witnessed such performance due to the presence of some positive factors during the last month, headed by the stability of the political scene to a certain extent, where its volatility was the main factor for the losses recorded by the market during last month of June. Also, the market witnessed during the last month a relatively active quick speculation operations that concentrated on the small-cap stocks, being traded below its book-value or par-value, which contributed to the fluctuation of the Price Index in particular during the month. The market was not away from the profit collection operations’ effect, which contracted Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 2
3. some of its monthly gains , as such operations are considered normal in light of the good increases realized by the market during most of the daily sessions of the month. Moreover, the market continues to live a general state of watch and cautious due to the presence of some factors, as many traders are waiting for the results of the political conditions that the area is going through during this period, especially that the vision is not clear towards Qatar crisis; in addition to the traders’ watch for the listed companies disclosures of its first half financial results, amid some fears of withholding some stocks from trading if could not disclose its results prior to the end of the disclosure period, which is mid of the current month. On the contrary, Boursa Kuwait was able to realize good gains for its market capitalization during the last month by more than K.D. 800 million, whereas the total value of the listed stocks (the primary market) reached by the end of July K.D. 27.31 billion against K.D. 26.48 billion at end of June, up by 3.11%. On an annual level, the Boursa market cap gains reached K.D. 2 billion or 7.47% compared to its value at end of 2016, where it reached then K.D. 25.41 billion (Note: the market capitalization for the listed stocks in the primary market is calculated based on the average number of outstanding shares as per the latest available financial statements). Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 3
4. For the annual performance , the Price Index ended last month recording 19.20% annual gain compared to its closing in 2016, while the Weighted Index increased by 8.73%, and the KSX-15 recorded 6.57% growth. Sectors’ Indices Nine of Boursa Kuwait sectors ended last month in the green zone, while the other three recorded increases. last month’s highest gainer was Oil & Gas sector achieving 11.70% growth rate as its index closed at 1,082.17 points. Whereas, in the second place, the Technology sector’s index closed at 702.98 points recording 6.36% increase. On the other hand, The Consumer Goods sector headed the losers list as its index declined by 5.74% to end the month’s activity at 1,021.99 points. The Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 4
5. Insurance sector was second on the losers ’ list, which index declined by 2.68%, closing at 1,042.48 points, followed by the Consumer Services sector, as its index closed at 1,035.62 points at a loss of 1.90%. Sectors’ Activity The Financial Services sector dominated a total trade volume during the last month of 715.89 million shares changing hands, representing 39.30% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector’s traded shares were 27.54% of last month’s total trading volume, with a total of 501.59 million shares On the other hand, the Banks sector’s stocks were the highest traded in terms of value; with a turnover of K.D. 121.92 million or 31.73% of last month’s total market trading value. The Financial Services sector took the second Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 5
6. place as the sector ’s last month turnover of K.D. 98.49 million representing 25.63% of the total market trading value. For further details, please visit our web site: www.bayaninvest.com Prepared by the Studies & Research Department Bayan Investment Co. P.O.Box 104, Dasmah, 35151 Kuwait. Tel: 1840000 / (965) 22431262 Fax: (965) 22431435 Website: www.bayaninvest.com Email: trade@bayaninvest.com Twitter: @bayaninvest 6