KSE indices log positive week – Market capitalisation ticks up by 1.18 pct to KD 6.46 bln

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KUWAIT CITY, April 15: This has been another positive week for the indices. As KSE price index closed up 1.34%, 5300.51 up 70.07 points compared to the week before the top performer of indices this week. MUDX was with 1% gains up 5.24 points to close at 526.91 for the week. KSE Weighted was up as well to 365.07 up 1.12% and 4.03 points to the previous week .While the market blue-chip index the KSX15 was up by 10.27points to close at 863.14 up 1.20%.

Brent crude oil witnessed an increase on a weekly basis to reach 44.27$ .

The reported weekly volumes were 1246.61 million shares compared to 930.22 million shares in previous week an increase of a remarkable 34% in share trading. Among the major contributors the Financial Services Sector (contributing 43.43%) witnessed 541.41 million shares of trading compared to 281.05 million shares in the previous week, while Real Estate Sector (contributing 28.46%) witnessed 354.77 million shares of trading compared to 268.27 million shares in the previous week.

 Financial Services sectors witnessed considerable volumes increase in Al-Deera Holding Co-ALDEERA (Mcap — KD 7.69 million) saw a remarkable increase of 36.84% during a weekly basis. National Investment Co-NINV (Mcap —  KD 106.89 million) witnessed a 17.31% increase on a weekly basis.

The overall Market Cap was up by a marginal 1.1% as it stood at KD 25.06 billion. As for The Blue Chips  National Bank of Kuwait — NBK (Mcap – KD 3.54 billion) saw its market cap increase for the week with a 1.52%. However; another counters with gains include Kuwait Food Co  – Americana  (Mcap – KD 1.04 billion)  saw its market cap move up by 1.56%. While Kuwait Projects Co- KIPCO (Mcap – KD 839.93 million) saw its market cap increase 3.64% . On the total market breadth, Of the 56 Islamic Companies, 33 advanced while 10 declined during the week.

The Islamic universe market cap witnessed a an increase of 1.18% in its market cap to close at KD 6.46 billion. The universe heavyweights like Kuwait Finance House – KFH (Mcap – KD 2.45 billion)  saw an increase of 1.3% in its market cap. While  Boubyan Bank (Mcap – KD 888.23 million) also saw an increase of 2.50% in its market cap. Ahli United Bank. – AUB ( Mcap – KD 716.57 million) saw an increase of 2.25% in its market cap. Kuwait Telecommunications Co. (Mcap- KD 509.39 million) saw a decrease of 1.92.

By KFH Capital

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