KSE market price index up 0.5 pct in first week of Ramadan

The KSE market price index moved up 0.5 percent in the first week of the holy fasting month of Ramadan to close at 6,066.2 points, while the weight index ended surged 0.7 percent to close at 421.23, a specialized economic report revealed Thursday. The report, issued by Kuwait Financial Centre "Markaz", estimated the market capitalization at 373 million shares at aggregate value of KD 58.05 million. The volume traded inclined by 8 percent while the value traded jumped 8.6 percent. The average daily value traded amounted to KD 11.6 million compared with KD 10.6 million last week, the report indicated.The banking sector was the value leader, accounting for 42.1 percent of the traded value. Kuwait International Bank was the most active with 16 percent of the value traded or KD 5.9 million. The scrip ended tradings unchanged at KD 0. 295.During the week 129 companies were traded. The market breadth was skewed towards advancers advancers as 48 equities inclined versus 46 declined.Burgan Well Drilling was the topped gainers adding 34.3 percent to the value of its shares closing at 325 fils, while the Global Investment House was the top decliner losing 16 percent to close at 27.5 fils.