Add News     Print  
Article List
KSE expands by 17.28 pts to close at 7,462.22 pts Banking Sector closes at 1,111.8 up

KUWAIT CITY, Sept 3: Kuwait stocks expanded by 17.28 points to close 0.23% higher at 7462.22 points in the green. The weighted index stood at 493.07 points, up by 1.09 points. The KSE benchmark stood 3.64 points higher at 1,203.69 points.  The bourse saw a 215 million shares volume turnover at a total value of KD 23.89 million in 5,214 trades. 147 companies traded on the floor and the winners outnumbered the losers, 53 counters advanced, 39 counters faced decline and 55 counters posted no change.

Palms Agro Production Co was the top gainer of the session, moving 9.8% higher to 112 fils with marginal activity. Gulf Franchising Holding Co grew by 7.81% to 69 fils and Union Real Estate Company advanced 6.76% to 158 fils. At the same time, Real Estate Trade Centers Co shot up 5.95% to 44.5 fils trading KD 1.22 million and First Dubai For Real Estate Development Co with a 5.65% augment, closed at 94 fils.

National Consumer Holding Company, on the other hand, fell by 5.88%  to close at 80 fils while Housing Finance Co finished at 24.5 fils, with a 5.77% share price contraction. Salbookh Trading Co followed closely with a 5.43% descent to 87 fils and Gulf North Africa Holding Co stood at 51 fils, down by 3.77% while Al-Deera Holding Co shed 3.51% to close at 27.5 fils and traded 10.4 million shares.

Bayan Investment Co traded the highest volume of 15.59 million shares closing 2.27% higher at 90 fils while Gulf Finance House traded 14.28 million shares remaining flat at 41.5 fils. Al-Mal Investment Company saw robust activity, trading 10.1 million shares in the session while Abyaar Real Estate Development Co followed close in step with 9 million shares exchanged, closing 1.96% higher at 52 fils.


Telecommunications closed at a steady 765.5 points, with a slight increase in volume traded and a 61.05% fall in total value from the previous session. Mobile Telecommunications Company — Zain and Ooredoo both held ground at 660 fils and KD 1.500. Hits Telecom Holding Company also did not post any changes, recording no change at 51 fils.

The Banking Sector closed at 1,111.8 points, up by 0.07% albeit down by 51.33% in volume turnover and 44.68% in traded value as compared to the previous session. Kuwait Finance House dipped 10 points lower to 810 fils and National Bank of Kuwait rose 10 points higher to KD 1.000. Warba Bank slipped 5 points down to 270 fils while Commercial Bank of Kuwait, Boubyan Bank and Burgan Bank scaled 10 point upward to 710 fils, 510 fils and 530 fils, respectively.  Gulf Bank closed flat at 340 fils and Ithmaar Bank curved 0.5 points downwards to 47 fils. Kuwait International Bank, at the same time, closed flat at 325 fils. 

Financial Services closed 1,033 points, down 0.14%, making up 44.64% of the total market volume and 27.30% of the total value in the session. Bayan Investment Company traced a 2 point rise in share price to 90 fils while Boubyan International Industries Holding Co achieved a 3 points increase to 102 fils.

Gulf Finance House stood firm at 41.5 fils while International Financial Advisors lifted 1 point higher to 61 fils. National Industries Group took a 2 point augment to 228 fils while First Investment Company and Kuwait Projects Company Holding (KIPCO) closed flat at 102 fils and 730 fils respectively.

Alimtiaz Investment Group and Inovest did make any gains to their share price, closing at 80 and 81 fils. Gulf North Africa Holding Company in the meantime sagged 2 points lower to 52 fils while Arzan Financial Group For Financing And Investment closed flat at 67 fils.

Real Estate closed at 1,274.3 points and above the red line. Al Mazaya Holding Company wound up 2 points higher at 120 fils at the session’s close while Mabanee Co stood firm at KD 1.060. Al Mudon International Real Estate Company dunk 2 points lower to 95 fils.

Kuwait Real Estate Company trekked 2 points higher to 83 fils while Injazzat Real Estate Development Company and Abyaar Real Estate Development Company took a 1 point hike to 82 fils and 52 fils respectively.


Munshaat Real Estate Projects Company fell 2 points lower to 150 fils. Sokouk Holding Co marked no change at 87 fils while First Dubai for Real Estate Development trudged 5 points higher and National Real Estate Company scored a 4 point rise to 158 fils.

A’ayan Real Estate Co, meanwhile, closed flat at 106 fils and International Resorts Company skulked 1 point higher to 60 fils. Kuwait Remal Real Estate Company slumped 1 point lower to 85 fils and Al-Enma’a Real Estate Co slithered 2 points down to 88 fils.

The Oil and Gas Sector closed 1,277.3 points in the green with a 1.28 point increment. Gulf Petroleum Investment stood firm at 104 fils, trading 4.7 million shares in the session while Al-Safat Energy Holding crept 0.5 points higher to 39.5 fils. Ikarus Petroleum Industries Co and the Energy House Holding Company closed flat at 196 fils and 87 fils respectively.  In the Basic Materials Sector, Qurain Petrochemical Industries Company dipped 2 points lower to 248 fils as Boubyan Petrochemical Company took a 10 point dive to 760 fils and Kuwait Foundry Co closed flat at 385 fils.

Industrials stood at 1,176.06 points with a 5.02 point addition. Agility Public Warehousing Company with a 30 point upsurge, closed at 910 fils while Equipment Holding Company gained 6 points to close at 158 fils. Concurrently, Salbookh Trading Company ebbed 5 points lower to 87 fils while Gulf Cement Company climbed 2 points higher to 112 fils and Mubarrad Transport Co clawed a 1 point increase to 92 fils.

In the Technology Sector, Al-Safat Tec Holding Company scrambled 1 point higher to 64 fils while Hayat Communications Co stepped 2 points higher to 83 fils and Future Communications Co. Global made a 4 point jump to 136 fils.  In Healthcare, Yiaco Medical Co remained stagnant at 242 fils while Al-Mowasat Healthcare Co mounted 2 points to close at 184 fils. In insurance, Warba Insurance Company clambered 2 points higher to 154 fils and Wethaq Takaful Insurance Company  closed flat at 66 fils.

In Consumer Goods, Kuwait Food Company (Americana)  took a 40 point nose dive to KD 3,100 while Livestock Transport & Trading Co and Danah Al Safat Foodstuff Company closed flat at 196 fils and 88 fils respectively. Whereas in consumer services, Sultan Center Food Products Co scaled 2 points higher to 110 trading 3.9 million shares in the session while Kout Food Group closed at a firm 900 fils and Jazeera Airways Co eased 5 points lower to 455 fils. 

By Cinatra Fernandes - Arab Times Staff

By: Cinatra Fernandes

Read By: 1742
Comments: 0

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