TMCnet News
KSE gains 43.42 points to close at 7,310.79 pts [Arab Times (Kuwait)](Arab Times (Kuwait) Via Acquire Media NewsEdge) Kuwait stocks took a 0.6% percent upswing to 7,310.79 points, gaining 43.42 points in the session with most sectors closing in the green. The weighted index stood at 492.61 points, up 2.39 points at the day's close. The KSE benchmark also pulled 6.94 higher to 1209.8 points. A robust 227 million shares were traded for a total value of KD 26.76 million in 5,153 transactions. Of the 140companies that traded today, 64 advanced, 34 retreated while 42 closed flat. National Bank of Kuwait traded over 5 million shares remaining firm at KD 1.000 while Mobile Telecommunications Company — Zain held ground at 660 fils and traded over 2 million shares and Agility Public Warehousing Company gained 20 points closing at 850 fils. Also, Kuwait Food Company (Americana) closed at KD 3.240 with a 80 point leap. Kuwait Syrian Holding Co was the top gainer of the session with a 9.43% increment in share price to 29 fils after trading 8.3 million shares. National Petroleum Services Company also took a 8.77% surge to the green to 620 fils and Coast Investment & Development Company followed closely behind with a 8.06% rise to 67 fils whilst trading 14.65 million shares. At the same time, Tamdeen Investment Co jumped 7.69% ahead from its start to 350 fils and Kuwait China Investment Company grew by 6.9% from the previous session to close at 62 fils. National Consumer Holding Co, on the other hand, spiralled down to 68 fils, marking the biggest loss of 6.85% on the floor while Salbookh Trading Co and Al Mudon International Real Estate Co shed 4.81% and 4.76% to close at 99 fils and 80 fils respectively. Taiba Kuwaiti Holding Co slipped to 65 fils registering a 4.41% contraction and Kuwait Finance & Investment Co made it to the list of top losers with its 3.85% tumble to 75 fils. Gulf Finance House continued to trade high volumes, spouting a 16.9 million shares exchanged to a 42 fils close, down 1.18% from the previous session. Al-Madina For Finance And Investment Co traded a volume of over 12.59 million shares, Kuwait Real Estate Company traded 11.9 million and Gulf Petroleum Investment, 11.27 million shares. The banking sector closed 0.02% higher at 1122.3 points with a 53.6 % increase in volume and 177.9% upturn in value traded from the previous session. Kuwait Finance House posted a 10 point spurt to 830 fils while trading over 1 million shares. Gulf Bank and Warba Bank gained 5 points each to close at 350 fils and 280 fils even as Boubyan Bank and Commercial Bank of Kuwait closed flat at 510 fils and 710 fils respectively. Burgan Bank slipped 10 points down to 530 fils in comparatively low activity. Telecommunications stood at 770.47 points, down 3.11 points and 8.11% on a year to date basis. Hits Telecom Holding Company traded 4.8 million shares to close at a flat 53 fils. Then, Ooredoo shed 20 points to close at KD 1.480. Financial Services accounted for over half of the total volume traded in the session and made up 28.7% of the total value. Coast Investment & Development Company gained 5 point to close at 67 fils while National Investments Co moved 8 points upward to 166 fils. At the same time, Gulf Finance House eased 0.5 points down to 42 fils and Bayan Investment Co rose 3 points to 83 fils. Al-Madina For Finance And Investment Co closed at 44.5 fils, up by 0.5 points and the Securities House Co and Boubyan International Industries Holding Co took a 3 point turn to the green to 76 fils and 89 fils respectively. Al-Deera Holding Co clambered 0.5 points higher to 31 fils and International Financial Advisors crept 1 point up to 58 fils. Gulf North Africa Holding Co also took a modest 2.5 point upturn to 50 fils and Kuwait Projects Company closed flat at 730 fils. The real estate sector closed at 1240.9 points noting a 0.28% rise, down 9.525 on a year to date basis. Kuwait Real Estate Company roused 3 points to close ar 79 fils and Mena Real Estate Company slid -.5 points to 46 fils and the National Real Estate Company closed flat at 158 fils. At the same time, Mabanee Company took a 20 point leap to KD 1.060 and the Commercial Real Estate Co stagnated at 97 fils. Kuwait Remal Real Estate Co trailed 1 point lower to a 77 fils close while Abyaar Real Estate Development Co and Al-Mazaya Holding Co closed flat at 46 fils and 118 fils respectively. Sokouk Holding Co managed a 1 point increase to close at 82 fils. Oil and Gas index closed at 1220.7 points, up by 1.65% from the previous session. Gulf Petroleum Investment and Al-Safat Energy Holding remained steady at 95 fils and 38 fils, trading 11.2 million shares and 5.7 million shares each. At the same time, Ikarus Petroleum Industries Co closed flat at 180 fils and the Energy House Company slid 1 point lower to 82 fils with low activity. In the insurance sector, Wethaq Takaful Insurance Company slumped 1 point lower to 63 fils and Warba Insurance Company trudged 2 points lower to 140 fils. But in the technology sector, the index closed at 997.29 points above the red line. Al-Safat Tec Holding Company lifted 1 point higher to 60 fils, Hayat Communications Company moved 3 points into the green to 82 fils and Automated Systems Company gained 20 points to close at 435 fils albeit with low volumes traded. In Basic materials, Boubyan Petrochemical Co gained 10 points to close at 770 fils, Qurain Petrochemical Industries Co closed flat at 248 fils while Kuwait Foundry Co scrambled for a 5 point upsurge to 320 fils. At the same time in the industrial sector, Alafco Aviation Lease And Finance closing firm at 270 fils, traded a volume of 1.6 million shares, KGL Logistics Company skid 2 points lower to 134 fils and Mubarrad Transport Co closed flat at 76 fils trading a volume of 1.2 million shares in the session. IFA Hotels & Resorts Co trekked 2 points higher to 226 fils and Sultan Center Food Products Group Co closed flat at 110 fils and Jazeera Airways Co shed 5 points off to a 445 fils close. By Cinatra Fernandes (c) 2014 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |