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KSE index closes at 28.77 points higher Al-Deera Holding trades top volume of shares

KUWAIT CITY, Aug 20: Kuwait stocks continued its rise above the red line to stand at 7,339.56 points at the session’s close. The index marked a 0.39% increase with the 28.77 point climb. The weighted index continued took a gradual augment to 493.77, up by 1.16 points.  KSE benchmark took to green at 1,212.49 points, up by 2.69 points. The trading floor buzzed with robust activity with 302.94 million shares being traded for a total value of KD 26.27 million in 6,267 transactions. 139 companies remained active today, the winners outpaced the losers; 59 counters gained, 42 counters lost and 38 closed flat. 
 
Gulf North Africa Holding Co viewed an 8% rise in share price to 54 fils and traded 15.6 million shares on the floor. Contracting & Marine Services Co followed closely with a 7.94% increment to 136 fils albeit it with lower volumes exchanged and Tamdeen Investment Co gaining 7.14% traded over 2.24 million shares before closing at 345 fils. Salbookh Trading Company took an impressive 7.07% jump to 106 fils and Inovest trekked to 75 fils, up by 5.63%. 
 
Hilal Cement Co took the biggest tumble, losing 6.41% in share price to 146 fils and Real Estate Trade Centers Co marked a 5.625 plummet to 42 fils while Heavy Engineering And Shipbuilding Company slipped to 150 fils with a 3.85% decrease. At the same time, Securities Group Company and United Real Estate Company closed at 106 fils with a 3.64% fall.  Al-Deera Holding Co traded the top volume of shares, leading the pack with 17.6 million shares while Gulf Finance House came in second with 16.80 shares changing hands. Gulf Petroleum Investment put forth a solid 15.76 million shares while Gulf North Africa Holding Co followed closely in step with 15.60 million shares and Abyaar Real Estate Development Co traded 14.56 million shares on the floor. 
 
Close
Telecommunications index rose by 8.07 points from the previous session to close at 778.54 points, . Hits Telecom Holding Company steady at 53 fils traded 5.5 million shares in the session while Mobile Telecommunications Company - Zain traded 356,021 shares, going up 10 points to 670 fils. Ooredoo also shifted 20 points upwards to KD 1.5. Banking Sector closed at 1,121.54, slipping 0.78 points down. National Bank of Kuwait persevered at KD 1.000 and Kuwait Finance House stayed pat at 830 fils and Boubyan Bank persisted at 510 fils, Al Ahli Bank Of Kuwait shed 5 points to a 425 fils close and Gulf Bank closed flat at 350 fils while Warba Bank slithered 5 points under to 275 fils.
 
Ithmaar Bank mounted a 0.5 points to 47.5 fils and Kuwait International Bank shed 5 points to moved down to 320 fils. Meanwhile, Burgan Bank took a 10 point ascent to 650 fils and Commercial Bank of Kuwait closed flat at 710 fils.  Financial Services closing at 1,015.49 points in the green, made up 57.01% of the total volume and 42.17% of the total value in the market. Coast Investment and Development Company stood at a firm 67 fils while Gulf North Africa Holding Company moved 4 points further to 54 fils and National Investments Company slumped 2 points down to 164 fils. Concurrently, Gulf Finance House closed at 42, unchanged from the previous session and International Financial Advisors lugged 1 point forward to 59 fils. 
 
Bayan Investment Company dropped 3 points lower to 80 fils and Al Deera Holding Company pushed 0.5 points higher to 31.5 fils. All the while, Ekttitab Holding Company, Manazel Holding and Al-Madina For Finance And Investment Co made a 1 point drive to green closing at 55 fils, 55 fils and 45.5 fils respectively. Kuwait Syrian Holding Co closed flat at 29 fils and Inovest widened by 4 points to 75 fils and National International Holding Co lifted 3 points higher to 70 fils.  Real Estate index up by 0.43%, stood at 1,246.2 points. Al Mazaya Holding Company made a 2 point headway to 120 fils, trading 5.8 million shares, Abyaar Real Estate Development Company attained 1 point to close at 47 fils while trading 14.5 million shares.
 
Kuwait Real Estate Company and International Resorts Company increased by 2 points each, closing at 81 fils and 58 fils. Sokouk Holding Co advanced by 1 point to 83 fils while Kuwait Remal Real Estate Company pulled 4 point higher to 81 fils. Injazzat Real Estate Development Company trounced 1 point lower to 80 fils while Al Mudon International Real Estate Company boosted by 2 points, closed at 82 fils. 
 
Scurried
Al Arabiya Real Estate Company crept up 1 point to 53 fils and Munshaat Real Estate Projects Company 2 points to 154 fils. First Dubai for Real Estate Development, for its part, scurried 1 point forward to 88 fils. 
The oil and gas sector closed at 1,241.98 points, up 1.74%. Gulf Petroleum Investment trailed 5 points higher to 100 fils and Al-Safat Energy Holding scrambled 0.5 points upwards to 38.5 fils. Ikarus Petroleum Industries Co pulled off a 2 point rise to 184 fils and The Energy House Holding Company slid 2 points lower to 80 fils.  Basic Materials index hit 1,228.16 points, down -0.13%. Qurain Petrochemical Industries Company took a 2 point upswing to close at 250 fils and Boubyan Petrochemical Company closed flat at 770 fils while Kuwait Foundry Co slipped 5 points below to 315 fils. 
 
Industrials, at 1,162.67 points, 0.41% higher than the previous day. Agility Public Warehousing Company arrived at 870 fils a share after a 20 point upturn as Equipment Holding Company shot up by 6 points to 130 fils. Gulf Cement Company stayed firm at 112 fils while Mubarrad Transport Co eased 1 point lower to 75 fils. At the same time, Kuwait Portland Cement Company dropped 20 points down to KD 1.360 and Kuwait & Gulf Link Transport Company scurried 2 points above to 83 fils. Fujairah Cement Industries Co closed flat at 83 fils and Heavy Engineering and Shipbuilding Company edged 6 points lower to 150 fils. 
Technology closed at 984.82 points wherein Al-Safat Tec Holding Company and Hayat Communications Co dived 2 points under to 58 fils and 80 fils respectively. Healthcare moved up to 1,020.4 points in the session with Yiaco Medical Co lost 2 points off its share price to close at 238 fils while Al-Mowasat Healthcare Co gained 2 points to finish at 172 fils. 
 
In consumer goods, Kuwait Food Company (Americana) took a 40 point dive in share price to close at KD 3.2 and Danah Al Safat Foodstuff Company inched 2 points higher to 80 fils. Whereas in consumer services, IFA Hotels & Resorts Co held ground at 226 fils as Sultan center food products Co at 110 fils. Kuwait Resorts Company also remained unchanged at 97 fils. In the Insurance sector, Warba Insurance Company went up by 4 points to 144 fils and Wethaq Takaful Insurance Company crawled 1 point higher to 64 fils. 
 

By Cinatra Fernandes 

Arab Times Staff

By: Cinatra Fernandes

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