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KSE closes 1.18 pts higher in green zone [Arab Times (Kuwait)](Arab Times (Kuwait) Via Acquire Media NewsEdge) Kuwait stocks trudged 0.02% or 1.18 points higher, managing to steer into the green at 7,267.37 points with mixed boards, down by 3.74% on a year to date basis. The weighted index stood at 490.22 point, up by 0.22 points. The KSE benchmark stood at 1,202.86 points, gaining 0.37 points. The total number of trades conducted in the day were 4,011 with a volume of 168.34 million being traded for a total value of KD 15.03 million. Of the 136 counters open in the session, 51 advanced, 43 retreated and 42 remained unchanged. Al-Safat Tec Holding Company peaked with a 9.26% increase in share price, closing at 59 fils after trading 5.73 million shares. Credit Rating & Collection made it to the list of top gainers with 9.09% rise to 60 fils while trading 31,110 shares and Securities Group Company ended the session with a 110 fils finish, up by 7.84 % from the previous day. At the same time, Mena Real Estate Company clambered to 45.5 fils, marking a 5.81% rise and 1.4 million shares exchanged. United Real Estate Company posted a 5.77% leap to the green with a 110 fils close. On the other hand, National Consumer Holding Co took a hard 21.51% tumble to 73 fils over a meagre 100 shares traded in the session while, National Petroleum Services Company suffered a 6.56% decrease to 570 fils. Kuwait Remal Real Estate Co was counted among the top losers in the session today as it closed at 78 fils, down by 6.02% in share price. Meanwhile, Kuwait Syrian Holding Co and Gulf North Africa Holding Co lost 5% to close at 26.5 fils and 47.5 fils respectively. Gulf Finance House witnessed robust activity, trading 18.08 million shares to a 42.5 fils finish, posting a 1.19% increase while Al Safat Energy Holding Company traded over 13.79 million shares and closed 2.7% higher at 38 fils. At the same time, Kuwait Real Estate Company traded a hearty 10.8 million shares and remained unchanged at 76 fils, Gulf Petroleum Investment exchanged 9.7 million shares for a 5.56 % rise to 95 fils, and Al Mudon International Real Estate Co followed closely behind by trading a volume to 9.6 million shedding 2.33% in share price to close at 84 fils. National Bank of Kuwait recorded a 10 point increase to KD 1 trading over 1 million shares in the session while Kuwait Finance House closed flat at 820 fils. Warba Bank slipped 5 points lower to 275 fils, trading 1.4 million shares on the floor and Ahli United Bank scaled 2 points higher to 234 fils. The banking sector closed at 1,122.1 points, 0.28% higher from the previous trading session, making up 4.32% of the market traded volume and 17.03% overall value. Gulf Bank shed 5 points to close at 345 fils and Kuwait International Bank trailed 5 points higher to 325 fils. At the same time, Burgan Bank took a 10 point plunge upwards to 540 fils and Boubyan Bank closed flat at 510 fils. Ithmaar bank traded 2.6 million shares in the session managing a 0.5 point lift to 48 fils after announcing its results for the First Half with a Net loss of KD 31,564. Concurrently in the telecommunication sector, Mobile Telecommunications Company — Zain held ground at 660 fils as did Ooredoo at KD 1.5. Hits Telecom Holding Company climbed to 53 fils with a 1 point bump and traded 4.4 million shares in the session. Financial Services edged 0.13% lower to 995.4 points and made up 43.16% of the total traded volume and 27.07% of the value. Gulf Finance House moved up 0.5 points in share price to close at 42.5 fils while Bayan Investment Co took a 1 point upswing to 80 fils. International Financial Advisors marked no change at 57 fils and Gulf North Africa Holding Co slid 2.5 under to 47.5 fils. Then, the Securities House Co closed flat at 73 and Coast Investment & Development Company trailed 2 points lower to 62 fils even as Ekttitab Holding Co closed flat at 52 fils. Kuwait Finance & Investment Co slumped 3 points lower to 78 fils, Al-Madina For Finance and Investment Co crept 0.5 points higher to 44 fils. Alsalam Group Holding Co and Manazel Holding Co both added 1 point to their share prices, closing at 91 fils and 55 fils while Inovest closed flat at 70 fils. Real Estate made up a quarter of the traded volume and 23.24% of the total market in terms of value, closing at 1237.5 points. Kuwait Real Estate Company stood firm at 76 fils while Al Mudon International Real Estate Co slithered 2 points down to 84 fils and Abyaar Real Estate Development Co closed flat at 46 fils. Mabanee Company suffered a 40 point downturn to KD 1.040 and Kuwait Remal Real Estate Co eased 5 point lower to 78 fils. The National Real Estate Company closed at an unaffected 158 fils while Al-Mazaya Holding Co skid 2 points lower to 118 fils. Sokouk Holding Co also closed flat at 81 fils whereas Taameer Real Estate Investment Co gained 1 point to 44.5 fils and the Commercial Real Estate Co lost 1 point to stand at 97 fils at the session's close. Agility Public Warehousing Company resolved to a 830 fils finish, trading 1.13 million shares in the session while Mubarrad Transport Co followed closing flat at 76 fils. Salbookh Trading Co expanded its share price by 4 points to 104 fils as KGL Logistics Company moved 2 points higher to 136 fils. Humansoft Holding Co took a 25 point wide jump to 460 fils and Kuwait Portland Cement Company grew by 20 points to KD 1.380. In the oil and gas sector, while Al-Safat Energy Holding advanced by 1 point to close at 38 fils, Gulf Petroleum Investment moved 5 points ahead to 95 fils and Ikarus Petroleum Industries Co spurted a 2 point growth to 182 fils. In the technology sector, Hayat Communications Company eased 3 points lower to a 79 fils share price at closing with Automated Systems Company facing a 15 point fall to 415 fils. In the meantime, Boubyan Petrochemical Co looked certain at 760 fils, trading 212,500 shares in the session and Qurain Petrochemical Industries Co 4 points aloft, drew to a 248 fils close. While Kuwait Food Company (Americana) slumped 20 points to stand at KD 3.160 at the session's end, Danah Al Safat Foodstuff Co moved 1 point higher to 79 fils. Sultan Center Food Products Group Co recorded a 2 point surge to 110 fils. By Cinatra Fernandes (c) 2014 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |