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KSE ebbs 6.22 pts lower to close at 7,466.7 pts [Arab Times (Kuwait)](Arab Times (Kuwait) Via Acquire Media NewsEdge) Kuwait stocks ebbed 6.22 points lower to close at 7,466.7 points in the red, with a 0.08% decrease and major sectors closing below the line. The weighted index stood at 492.49 points, down 1.79 points. The KSE 15 slipped 2.94 points to 1,202.25 points. The bourse marked a 259.68 turnover to the value of KD 25.82 million in 5,907 trades. 145 counters remained active with more losers than winners, 41 companies advanced, 59 rsetreated and 45 companies closed with no change. Kuwait National Cinema Co was the top gainer of the day, posting a 10% rise to KD 1.100 with National Petroleum Services Company following with a 8.77% increase to 620 fils. Al Mudon Intl Real Estate Co closed at 104 fils with a 7.22% hike and Metal & Recycling Co pulled off a 7.02% rise to 122 fils and Noor Financial Investment Company closed 6.25% higher at 136 fils. Palms Agro Production Co took a hard 8.93% fall to 102 fils with Gulf Glass Manufacturing Co suffering a 8.33% decline to 550 fils. Gulf Franchising Holding Co shifted 6.33% below the red line at 74 fils and Pearl Of Kuwait Real Estate Co followed in close step with a 6.25% decline to 15 fils. First Dubai For Real Estate Development Co, at the same time, tumbled 5.56% lower to 102 fils. Al-Deera Holding Co traded the highest volume stock of the session of 33.2 million while Gulf Finance House came in second with 32.98 million shares and Al Mudon Intl Real Estate Co traded 13.75 million shares. Telecommunications closed 1.48% lower at 756.4 points, Mobile Telecommunications Company — Zain stood firm at 660 fils while Ooredoo took a 60 points nose dive to KD 1.480 fils. Hits Telecom Holding Company, meanwhile, inched 0.5 points down to 49.5 fils. The Banking sector index was 1,113.9 points at closing, down 0.46%. National Bank of Kuwait and Kuwait Finance House plunged 10 points lower to 980 fils and 810 fils. Kuwait International Bank closed flat at 325 fils and Warba Bank edged 5 points lower to 270 fils. Ithmaar Bank dipped 1 point lower to 46 fils and Boubyan Bank mounted 10 points to close at 510 fils. Gulf Bank and Burgan Bank closed flat at 345 fils and 550 fils while Commercial Bank of Kuwait plummeted to 700 fils with a 30 point decrease. Financial Services closed at 1,026.7 points, 0.05% lower in the red. Gulf Finance House trekked 1.5 points higher to 40 fils and Al Deera Holding Company eased 0.5 points lower to 22 fils while Noor Financial Investment Company took an 8 point upturn to 136 fils. Securities House swelled by 3 points to 84 fils and Bayan Investment Company edged 1 point lower to 88 fils. National Industries Group, concurrently, rose 4 points higher to 232 fils while Al Aman Investment Company gained 2 points to close at 88 fils. A'ayan Leasing & Investment Co closed flat at 84 fils while Kuwait Investment Company grew by 6 points to 146 fils. International Financial Advisors, Alimtiaz Investment Group and Privatization Holding Company closed flat at 59 fils, 80 fils and 71 fils respectively. Coast Investment and Development Company went down by 2 points to 64 fils while Al-Qurain Holding Co crept 1 point higher to 38 fils. Manazel Holding and First Investment Company crawled 2 points lower to 54 fils and 102 fils. In Real Estate, Al Mudon International Real Estate Company with a 7 point boost, stood at 104 fils while Kuwait Remal Real Estate Company stepped 1 point higher to 88 fils and Al-Enma'a Real Estate Co gained 2 points to close at 95 fils. First Dubai for Real Estate Development on the other hand, sagged 6 points lower to 102 fils and Abyaar Real Estate Development Company slipped 1 point down to 49 fils. Kuwait Real Estate Company, International Resorts Company and Mabanee Co closed flat at 82 fils, 56 fils and KD 1.080. Al Mazaya Holding Company and Tijara & Real Estate Investment Co recorded no change to their share price, closing at 124 fils and 72 fils respectively. Injazzat Real Estate Development Company skid 1 point lower to 81 fils while A'ayan Real Estate Co closed flat at 102 fils and National Real Estate Company rolled 2 points higher to 160 fils. The Oil and Gas sector advanced 1.53% higher to 1,258.9 points. Gulf Petroleum Investment slid 2 points lower to 104 fils while Al-Safat Energy Holding crept 0.5 points up to 38.5 fils at closing. Ikarus Petroleum Industries Co stood stale at 196 fils in the session today while Independent Petroleum Group scaled 15 points higher to 460 fils. Contracting & Marine Services Co stumbled 4 points down to 128 fils while The Energy House Holding Company shot up by 50 points to 620 fils. Basic Materials closed at 1,275.4 points, down by 0.62%. Qurain Petrochemical Industries Company and Boubyan Petrochemical Company closed flat at 246 fils and 770 fils each while Kuwait Foundry Co dipped 10 points lower to 380 fils. Industrials index stood at 1,179.9 points, 0.13% higher than the previous session. Agility Public Warehousing Company held ground at 910 fils while Equipment Holding Company eased 2 points lower to 158 fils and Salbookh Trading Company climed 5 points higher to 10.13 million shares. Mushrif Trading & Contracting Co mounted 2 points higher to 94 fils and Gulf Cable & Electrical Industries Co took a 10 point dive down to 800 fils. Gulf Cement Company and Mubarrad Transport Co closed flat at 110 fils and 89 fils. In Technology, Hayat Communications Co budged 1 point higher to 91 fils and Al-Safat Tec Holding Company and Future Communications Co. Global closed flat at 65 fils and 134 fils. In Healthcare, Yiaco Medical Co shed 2 points to close at 240 fils. In insurance, Warba Insurance Company slumped 2 points down to 64 fils while Wethaq Takaful Insurance Company stood stagnant at 158 fils. In Consumer Goods, Kuwait Food Company (Americana) closed flat at KD 3.140 with marginal trade. Danah Al Safat Foodstuff Company cast off 1 point to close at 88 fils while Livestock Transport & Trading Co shed 2 points to close at 194 fils. Kuwait United Poultry Co slithered 4 points down to 188 fils. In consumer services, IFA Hotels & Resorts Co traced a 10 point rise to 222 fils while Kuwait Resorts Company shifted 2 points higher to 100 fils and Sultan center food products Co closed at a steady 112 fils, trading 1.2 million shares. By Cinatra Fernandes (c) 2014 Arab Times Kuwait English Daily. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |