RSS
 Add News     Print  
Article List
Traders watch share movements on the electronic board at the Kuwait Stock Exchange
Kuwait index up 22.55 pts to close at 7,444.84 points Bayan Investment trades highest volume

KUWAIT CITY, Sept 2: Kuwait stocks pushed 22.55 higher to close at 7,444.84 points in the green, up by 0.3 percent from the previous session with most sectors advancing. The weight index stood at 491.98 points, up 1.67 point above the red line.  The KSE benchmark also scaled 3.71 points higher to 1,200.05 points. The bourse recorded a 239.21 million volume turnover of KD 24.08 million in value in 5,176 trades. 136 companies traded in the session with more winners than losers; 58 counters closed in the green, 31 counters found themselves in the red while 47 posted no change. 
 
Ajwan Gulf Real Estate Co posted the biggest gain in share price, moving up 7.69 percent to 70 fils and traded 5.6 million shares while National Consumer Holding Co followed with a 6.25 percent increase to 85 with comparatively low activity. Al Rai Media Group Co advanced to 150 fils, trading 984,010 shares, with a 5.63 percent boost. Meanwhile, Kuwait Foundry Co closed at 385 fils with a 5.48 percent hike and Noor Financial Investment Co traded 3.52 million shares to finish at 120 fils, 5.26 from its last trading session. 
 
Reduction
Al-Mal Investment Co, on the other hand, fell by 5.49 percent to 43 fils while trading 9.2 million shares. Gulf Petroleum Investment, in close step, faced a 5.45 percent reduction to 104 fils and traded 9.15 million shares. At the same time, Salhia Real Estate Co dipped 3.95 percent lower to 365 fils and Pearl Of Kuwait Real Estate Co dwindled 3.03 percent lower to 16 fils. Kuwait Investment Company took a 2.6 percent cut to 150 fils to land in the list of top losers.  Bayan Investment Co traded the highest volume of 20.4 million shares in the session and Gulf Finance House came in second with 19.32 million shares exchanged. Abyaar Real Estate Development Co traded over 18 million shares, Al Mudon Intl Real Estate Co exchanged 17.94 million and 2.04 million of Al-Deera Holding Co’s shares changed hands. 
 
The telecom index closed at 765.5 points, up by 0.12 percent. Mobile Telecommunications Company — Zain gained 10 points to close at 660 fils having traded a robust 2.06 million shares in the session while Ooredoo with comparatively low turnover, remained firm at KD 1.5 and Hits Telecom Holding Company edged 1 point lower to 51 fils, trading 1.28 million shares in the session. 
 
Banking sector closed at 1,111 points, making up 4.115 of the market’s total traded volume and 16.29 percent of the value. National Bank of Kuwait stood firm at 990 fils while Kuwait Finance House ended up 10 points higher to 820 fils. Kuwait International Bank slumped 5 points lower to 325 fils and Burgan Bank faced a 10 point crash to 520 fils. Warba Bank shifted 5 points upward to 275 fils while Boubyan Bank, Gulf Bank and Ithmaar Bank closed flat at 500 fils, 340 fils and 47.5 fils respectively. During the same time, Commercial Bank of Kuwait scored 10 points to close at 700 fils. 
 
Financial Services accounted for 50.47 percent of the total market volume and 34.15 percent of the total market value, the index standing 0.41 percent higher at 1,034.4 points. Bayan Investment Company stood firm at 88 fils while Gulf Finance House eased 0.5 points down to 41.5 fils while A’ayan Leasing & Investment Co moved 1 point upwards to 86 fils and Inovest clambered 2 points higher to 81 fils. Noor Financial Investment Company swelled by 6 points, to close at 120 fils. Al-Mal Investment Company dropped 2.5 points to 43 fils. Commercial Facilities Co with a 5 point boost, finished at 300 fils while Al Deera Holding Company and First Investment Company ended with no change at 28.5 fils and 102 fils.
Gulf North Africa Holding Company and Kuwait Projects Company Holding (KIPCO) also closed flat at 53 fils and 730 fils. Al Imtiaz Investment Group gained 1 point to 80 fils while Boubyan International Industries Holding Co shed 1 point to 99 fils.
 
Scrambled
Kuwait And Middle East Financial Investment Co climbed 2 points to 53 fils and Coast Investment and Development Company scrambled 1 point higher to close at 68 fils. International Financial Advisors, meanwhile, closed flat at 60 fils and Securities House skid 1 point lower to 81 fils.  In real estate, Al Mudon International Real Estate Company with its 4 point upturn closed at 97 fils while Abyaar Real Estate Development Company inched 1 point higher to 51 fils and A’ayan Real Estate Co made a 2 point progress to 106 fils. Kuwait Remal Real Estate Co, Al-Enma’a Real Estate Co and National Real Estate Co rose by 2 points to close 86 fils, 90 fils and 154 fils. Mabanee Co, concurrently, closed flat at 118 fils while Sokouk Holding Co and Kuwait Real Estate Company sagged 1 point lower to 87 fils and 81 fils. Munshaat Real Estate Projects Company scuttled 2 points lower to 152 fils. The oil and Gas sector closed 0.93 percent lower to stand at 1,276 points. Gulf Petroleum Investment plunged 6 down to 104 fils and Al-Safat Energy Holding inched 0.5 points to 39 fils trading 1.88 million shares.  The Energy House Holding Company crept 1 point higher to 87 fils while Ikarus Petroleum Industries Co trekked 2 points higher to 196 fils. 
 
 Basic materials index stood at 1,284.3 points, up 1.46 percent, albeit with lower volume and value traded than the day before. Kuwait Foundry Co leaped 20 points ahead to 385 fils while Qurain Petrochemical Industries Company scrambled 2 points higher to 250 fils while Boubyan Petrochemical Company closed flat at 770 fils. Industrials at 1,171 points, recorded a 0.52 percent rise in the session. Agility Public Warehousing Company held ground at 880 fils even as Salbookh Trading Company slipped 1 point lower to 92 fils. Equipment Holding Company trailed 2 points lower to 152 fils while Mubarrad Transport Co shot up 3 points higher to 91 fils and Fujairah Cement Industries Co trudged 2 points upwards to 87 fils.  Technology slumped 0.49 percent down to 1,001.8 points. Al-Safat Tec Holding Company closed at a flat 63 fils while Hayat Communications Co dipped 2 points lower to 81 fils. 
 
In healthcare, Yiaco Medical Co mounted 2 points to a 242 fils close. In insurance, Warba Insurance Company added 2 points to its share price, closing at 152 fils while Wethaq Takaful Insurance Company took a 3 point augment to close at 66 fils.  In consumer goods, Kuwait Food Company (Americana) closed at a steady and stable KD 3.140 with low activity and Danah Al Safat Foodstuff Company peeked 1 point higher to 88 fils. In consumer services, Sultan Center Food Products Co stepped up 2 points to 108 fils while Kout Food Group and Oula Fuel Marketing Company marked no change, closing at 900 fils and 152 fils respectively.
 

By Cinatra Fernandes 

Arab Times Staff

By: Cinatra Fernandes

Read By: 2095
Comments: 0
Rated:

Comments
You must login to add comments ...
About Us   |   RSS   |   Contact Us   |   Feedback   |   Advertise With Us