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February 08, 2010
COAST published its Annual Report on Kuwait Stock Exchange for the year 2009-English
Kuwait Stock Exchange indices suffered during 2009, as a result of the 2008 Global recession. The price index declined approximately 8.0% Y-T-D, and the weighted index declined by 1.1%. While in 2008, the price and the weighted indices declined by approximately 38% and 43% respectively, the average traded shares appreciated by 29.9%, meanwhile the average traded value depreciated by 39.7%. As an effect of the decline in price index, and the retreat's of the value traded, market capitalisation shrunk by 8.84%. KSE market showed signs of improvement and rebounded to high level during the year before its downturn. The exchange also listed 3 new companies, and de-listed 3 others, that keeps the total number of listed companies the same which is 204 companies.
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