KUWAIT, April 7 (KUNA) -- Kuwait stock market continued its negative performance last week to close in the red zone amid a state of fluctuation triggered by the negative annual financial results of the majority of listed companies, a specialized economic report showed Saturday.

The report, issued by Bayan Investment Company, also ascribed the slide to the suspension of trading on 29 of the listed companies for their failure to release their financial results for 2011.

It noted that Kuwait Stock Exchange (KSE) has ended this week's trading at a fall of 0.32 percent.

The KSE price index closed on a negative note at 6,146 points, a loss of 0.

21 percent, while the weighted index closed at 409.77, a loss of 0.87 percent.

Bayan report pointed out that the total number of companies which announced their financial results after the deadline stood at 169 out of 205 listed firms, realizing approximately KD 1.4 billion, with a decline of 24.7 percent compared to same companies' results for 2010.

It disclosed that the market capitalization fell by 2.56 percent last week to stand at KD 28.08 billion.

Meanwhile, another report, by Oula Wasata brokerage company, showed weak performance in all last week's sessions due to fading hopes about stimulus measures to back the market.

The reported added that there was a growing fears about more suspensions to the companies that did not release financial results to reach 62 companies.

The state of anticipation has pushed traders to focus on low-risk shares and opting the coming government moves.