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Traders at the Kuwait Stock Exchange watch share movements during a trading session.
Kuwait stocks kick starts week 26.68 points higher Total KD 25.16 mln shares traded

KUWAIT CITY, Aug 31: Kuwait stocks pushed 26.68 points above the red line to close at 7430.51 points, starting the week 0.36% higher with most sectorial indices advancing. The weighted index stood at 492.05 points, up 1.06 points. The KSE benchmark trekked 3.13 points higher to 1,200.41 points. The bourse noted a 277.29 million share volume turnover to a total value of KD 25.16 million in 5,986 trades. 136 companies traded in the session, with 54 counters advancing, 34 declining and 48 marking no change. Al-Qurain Holding Co grew 8.2% in its share price, to close at 33 fils and become the top gainer of the session while Equipment Holding Co gained 7.25% to ascend to 148 fils and United Projects for Aviation Services Co shifted 7.04% upward to 760 fils.
 
Meanwhile, Contracting & Marine Services Co and Kuwait Foundry Co took a 6.06% increment to 140 fils and 350 fils.  Salbookh Trading Co, on the other hand, took a hard 7.55% fall to 98 fils and Hilal Cement Company dived 6.58% lower to 142 fils. Human Soft Holding Co took a 5.88% cut to 400 fils and made it in the list of losers while Al-Mal Investment Company closed at 45.5 fils, down by 5.21%. City Group Co, concurrently, lunged 4.76% below the line to 400 fils. Gulf Finance House traded the highest volume of the day, exchanging 30.28 million shares and Abyaar Real Estate Development Co followed close behind with 21.23 million while Manazel Holding exchanged 17.14 million shares. Housing Finance Co, at the same time, traded 10.84 million shares. 
 
Contraction
Telecommunications faced a 0.93% contraction, closing at 761.5 points. Mobile Telecommunications Company — Zain held ground at 650 fils and Ooredoo slumped 20 ppoints down to KD 1.48 and Hits Telecom Holding Company crawled 1 point lower to 52 fils.  Banking Sector curbed by 0.10% stood at 1,116.1 points. National Bank of Kuwait gained 10 points and traded 1.06 points to close at KD 1 while Kuwait Finance House held ground at 810 fils and Warba Bank slipped 5 points down to 270 fils. Boubyan Bank with a 10 point boost, closed at 510 fils and Al Ahli Bank Of Kuwait slid 5 points lower to 425 fils. Gulf Bank closed flat at 340 fils and Commercial Bank of Kuwait made a 20 point upswing to 740 fils. Ithmaar Bank skid 0.5 points down to 48 fils and Kuwait International Bank stumbled 5 points lower to 325 fils while Burgan Bank closed flat at 530 fils. 
 
Financial Services stood at 1,029.7 points up 0.68%, making up 53.40% of the total volume and 34.21% of the total value. Gulf Finance House edged 0.5 points higher to 43 fils while Manazel Holding stepped up 2 points to 56 fils and Bayan Investment Company witnessed 3 points added to its share price, closing at 86 fils. Gulf North Africa Holding Company stirred 1 point higher to 54 fils and Alimtiaz Investment Group took a 2 point increment and closed at 81 fils. A’ayan Leasing & Investment Co closed flat at 83 fils while First Investment Company roused 2 points to finish at 100 fils. 
 
Meanwhile, International Financial Advisors incited a 1 point rise to 61 fils and Coast Investment and Development Company dwindled 1 point lower to 67 fils. Housing Finance Co and the Securities House closed flat at 26 fils and 83 fils. Boubyan International Industries Holding Co scored 2 points to close at 100 fils in the green. Al Deera Holding Company spotted a 0.5 rise to 29 fils and National International Holding Co closed flat at 73 fils. National Industries Group nicked by 2 points, closed 226 fils while Kuwait Syrian Holding Co posted no change at 27 fils. Kuwait Projects Company Holding (KIPCO) pulled off a 10 point rise to 730 fils a while National Investments Company and Commercial Facilities Co closed stale at 162 fils and 290 fils each.
 
 Real Estate bulged in volume and value traded from the previous session and the index stood at 1,270 points in the green. Mabanee Co took a 40 point nose dive to KD 1.040 and traded 1/2 million shares on the floor while Abyaar Real Estate Development Company closed flat at 51 fils. Al Mudon International Real Estate Company took a 4 point augment to 95 fils while A’ayan Real Estate Co and Kuwait Remal Real Estate Company scaled 2 points higher to 102 fils and 85 fils respectively. National Real Estate Company, on the other hand, sloped 1 point lower to 154 fils.
 
Slumped
While Kuwait Real Estate Company rose by 1 point to 81 fils, Sokouk Holding Co slumped 1 point lower to 88 fils. Injazzat Real Estate Development Company closed flat at 80 fils and Al Mazaya Holding Company noted a 2 point increase to 118 fils. Al-Enma’a Real Estate Co crept 1 point higher to 86 and Al Arabiya Real Estate Company lower to 57 fils. 
 
The Oil and Gas sector index stood at 1,284 points, 0.88% enlarged from the previous session. Gulf Petroleum Investment remained firm at 108 fils and traded 9.11 million shares in the session while the Energy House Holding Company gained 2 points to close at 85 fils. Al-Safat Energy Holding inched 0.5 points higher to 39.5 fils and Ikarus Petroleum Industries Co closed flat at 196 fils while Contracting & Marine Services Co with a 8 point increase, closed at 140 fils. Industrials closed at 1,166.4, up by 0.24% with a swell in volume and value as compared to the previous session. Equipment Holding Company climbed 10 points to 148 fils while Mubarrad Transport Co mounted 5 points to 90 fils and Salbookh Trading Company dwindled 8 points down to 98 fils.
 
Agility Public Warehousing Company traced a 10 point rise to 870 fils and Gulf Cable & Electrical Industries Co jumped 20 points ahead to 800 fils. KGL Logistics Company edged 2 points to 130 fils and Human Soft Holding Co plunged 25 points down to 400 fils while Fujairah Cement Industries Co closed flat at 86 fils. Technology index at 1,008.2 points was 1.83% higher than last week’s close. Al-Safat Tec Holding Company and Hayat Communications Co ended up 1 point higher at 62 fils and 86 fils while Future Communications Co. Global put on 2 points in the session to close at 130 fils and Automated Systems Company expanded by 10 points to 435 fils. 
 
Basic Materials closed at 1,256.2 points, up 0.79% with a marked increase in volume and value turnover. Qurain Petrochemical Industries Company shed 5 points to 250 fils while Boubyan Petrochemical Company steady at 770 fils while Kuwait Foundry Co moved up at 20 points to 350 fils. In Healthcare, Yiaco Medical Co sagged 4 points lower to 236 fils and Al-Mowasat Healthcare Co budged 2 points upward to 182 fils. In insurance, Warba Insurance Company stood at 150 fils, 4 points higher than the previous session even as Wethaq Takaful Insurance Company closed flat at 65 fils. 
 
In Consumer goods, Danah Al Safat Foodstuff Company closed flat at 87 fils, trading 1.93 million shares. In consumer services, Sultan center food products Co progressed by 4 points to close at 108 fils while EYAS For Higher & Technical Education closed flat at 305 fils. Jazeera Airways Co crashed 10 points under to 455 fils whole Kuwait National Cinema Co surged ahead to 980 fils, up by 50 points and Al Rai Media Group Company took a 4 point upturn to 142 fils. 
 

 By Cinatra Fernandes 

Arab Times Staff

By: Cinatra Fernandes

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