QPIC Holds its Annual General Meeting

Thu, 18 Mar 2010 11:28:01 GMT

Qurain Petrochemical Industries Company (QPIC) today held its Annual General Meeting at the Ministry of Commerce and Industry. At the meeting the company confirmed a net profit of KD 7,098,268 Million (US$ 24,855,000 Million), or 6.47 fils per share, for the year ended 31 December, 2009.

KSE price index in red, closes 2.1 pts down to 7413.7 pts

Thu, 18 Mar 2010 11:22:25 GMT

The price index of Kuwait Stock Exchange (KSE) closed 2.1 points in the red and ended the trading session at 7,413.7 points, while the weighted index was at 433.19 after putting on 0.93 pts.

Kuwaiti shares down 15.2 points at early trade

Thu, 18 Mar 2010 08:18:06 GMT

Kuwaiti shares opened trade on Thursday down 15.2 points to reach 7,400.6 points.

KSE price index in red, closes at 7,415 pts

Wed, 17 Mar 2010 12:04:01 GMT

The price index of Kuwait Stock Exchange (KSE) closed 28.5 points in the red and ended the trading session at 7,415.8 points, while the weighted index was at 432.26 after putting on 1.63.

Kuwaiti shares continue slump in midday

Wed, 17 Mar 2010 10:16:51 GMT

Kuwaiti shares continued their slump during midday trade on Wednesday.

Kuwaiti shares down at early trade

Wed, 17 Mar 2010 09:43:01 GMT

Kuwaiti shares opened trade on Wednesday mostly in the red after closing down 51.1 points on Tuesday.

KSE price index 46.5 pts in the red by midday

Tue, 16 Mar 2010 09:07:57 GMT

The Kuwait Stock Exchange (KSE) price index was 46.8 points in the minus, reaching 7,449.3 points by midday Tuesday.

Kuwaiti shares down at early trade

Tue, 16 Mar 2010 08:30:10 GMT

Kuwaiti shares opened trade on Tuesday mostly in the red after closing higher on Monday.

KAMCO announces Manafae shares listing on KSE index

Tue, 16 Mar 2010 08:21:35 GMT

KIPCO Asset Management Company announced on Monday at a press conference the listing of Manafae Investment Company K.S.C. shares on the Kuwait Stock Exchange (KSE). Trading of the shares under the investment category will commence on Tuesday, March 16, under the name 'Manafae'.

KSE agrees listing of Boubyan Industries

Tue, 16 Mar 2010 08:20:22 GMT

Boubyan International Industries Holding Company (BIIHC) has been officially listed in the Kuwait Stock Exchange (KSE), it was announced here on Monday.

Fitch affirms Kuwait International Bank at 'A-'

Tue, 16 Mar 2010 07:58:54 GMT

Fitch Ratings has affirmed Kuwait International Bank's (KIB) Long-term Issuer Default Rating (IDR) at 'A-', Short-term IDR at 'F2', Individual Rating at 'C/D', Support Rating at '1' and Support Rating Floor at 'A-'.

Investment Dar's Application to Enter into Financial Stability Law Accepted

Mon, 15 Mar 2010 13:31:23 GMT

The Kuwaiti Legal counsel of the Investment Dar confirms that the application of 9 March 2010 to Kuwait's Special Circuit Court filed on behalf of the Company to enter into Kuwait's Financial Stability Law has been accepted by the Court last Thursday.

KAMCO announces listing of Manafae Investment's Shares on KSE

Mon, 15 Mar 2010 13:02:23 GMT

KIPCO Asset Management Company - KAMCO - announces today the listing of the shares of Manafae Investment Company on the Kuwait Stock Exchange.

Kuwait gov't approves bill to change BKME into Al-Ahli United Bank

Mon, 15 Mar 2010 08:56:50 GMT

The government of Kuwait approved a bill Sunday evening to changing the name of the Bank of Kuwait of the Middle East (BKME) into Al-Ahli United Bank.

GCC banks net profits drop 8.56% to $14.4b

Mon, 15 Mar 2010 07:08:59 GMT

The financial performance of the banking sector in the GCC collectively saw a drop in net profits by 8.56 per cent in 2009 reaching $14.40 billion against $15.75 billion in 2008, according to the latest report on the GCC banking sector by Global Investment House.

Global reports continuing profitability in its fee-based businesses of investment banking, asset management and brokerage, and a stabilizing of overall performance

Sun, 14 Mar 2010 14:10:01 GMT

Global Investment House ("Global" or the "Company") has announced its results for the full year ended 31 December 2009.

BMI: Kuwait Autos Report (Mar-10)

Sun, 14 Mar 2010 11:25:00 GMT

Car sales fell in Kuwait in 2009 to 119,133 units, from 122,623 in 2008, according to BMI. The impact of

the international economic crisis was felt in the Gulf state?s economy; plunging oil prices in the latter half

of 2008 and early 2009 had a serious effect on the country?s income, while tightening credit also curtailed

economic growth. The Central Bank of Kuwait (CBK) estimates that the country slid into recession, in

2009, with BMI estimating a 2.4% contraction.

As a consequence of these factors, the automotive sector, heavily reliant on consumer confidence, took a

knock, though the fall in sales is nowhere near as drastic as in many other countries. Dealers have

Global: Investors Trading Patterns (Feb-10)

Thu, 11 Mar 2010 10:43:00 GMT

The month of February witnessed a significant increase in trading activity in the KSE. KSE observed a 37.3% increase in trading value and 8.0% decrease in the number of traded shares and a 7.1% increase in the number of trades. Single day trading value and volume in February reached as high as KD167.6mn on February 17th 2010 and trading volume reached as high as 913.1mn shares on February 15th, 2010. On a month to month basis, value traded decreased 37.3% in February to reach KD1,670.1mn from KD1,216.7mn witnessed in January. Investors completed 157,167 transactions as opposed to 146,745 in January, a 7.1% increase. The number of shares traded decreased 8.0% to reach 10.0bn shares, as compared to 10.9bn shares traded in January 2010.

Trading by Investor

Individuals continue to be the largest segment of traders in the stock exchange, as they accounted for 46.3% of the total value of shares bought and 47.3% of the total value of shares sold. Compared with previous month, total value of shares bought by individuals increased 27.1% in February and total value of shares sold by individuals increased 26.6%. Individuals in February bought shares valued at KD772.7mn and sold shares worth KD790.8mn, a net sell of KD18.1mn.

KSE indices hold on to slim rise in midday trade

Thu, 11 Mar 2010 08:59:07 GMT

The Kuwait Stock Exchange (KSE) indices were still in the green zone, but only by a slim rise.

Markaz: GCC Bond Market Survey (Feb-10)

Wed, 10 Mar 2010 14:18:00 GMT

This is a PDF report.

NBK Capital: MENA in Focus (08-Mar-10)

Tue, 09 Mar 2010 15:01:00 GMT

This is a PDF report.

Kuwaiti market ends in green

Tue, 09 Mar 2010 11:42:47 GMT

Ending a two-day in the red zone, the Kuwaiti market rebounded strongly on Tuesday, both indices recorded remarkable increases.

United Securities: Monthly GCC Top Picks (09-Mar-10)

Tue, 09 Mar 2010 08:34:00 GMT

This is a PDF report.

Kuwaiti shares slightly down at opening

Tue, 09 Mar 2010 08:20:45 GMT

Picking up where they left off yesterday, Kuwaiti shares recorded a slight drop at Tuesday's opening.

KIPCO forms new pension company

Tue, 09 Mar 2010 08:19:47 GMT

the Kuwait Projects Company - has signed a Memorandum of Understanding with Munich Re, one of the world's leading reinsurers as part of its plans to launch the MENA region's first range of long-term savings and pension products.

BMI: Kuwait Defence and Security Report (Mar-10)

Tue, 09 Mar 2010 08:15:00 GMT

Kuwait is slowly recovering from the global crisis aided by an upswing in the oil price, although

prospects for anything like a strong recovery in consumer spending remain bleak. Growth is being driven

largely by government spending.

This government spending has been first and foremost to weather the financial crisis but is also at least in

part motivated by keeping raucous critics at bay. The opposition appears to be under control for now there

remain threats to domestic political stability with a number of rebel opposition MPs prepared to disrupt

the policymaking process.

New strategy helps KFH stay in profit

Tue, 09 Mar 2010 08:12:58 GMT

Kuwait Finance House (KFH), the largest Islamic lender in the country, has triumphed over the dire consequences of the global financial meltdown despite a decline in its net profits in 2009, which amounted to KD118.74 million ($412.7 million), compared to KD156.9 million in 2008, says KFH Chairman and Managing Director Bader Abdul Muhsen Al-Mukhaizeem.

BMI: Kuwait Infrastructure Report (Feb-10)

Mon, 08 Mar 2010 14:35:00 GMT

One of the most important developments for Kuwait at the turn of 2010 was the recovery in oil prices to

US$70 ? US$80 per barrel. The rebound has cushioned the regional impact of the Dubai debt crisis, and

should help Kuwait generate a budget surplus of KWD6bn in 2010. This would be the 11th consecutive

budget surplus recorded by Kuwait. However, this has also highlighted continued disappointment with

the level of spending in the infrastructure sector. In recent years this has been linked to the global

financial crisis, with Kuwait?s economy contracting by 2.4% in 2009.

BMI: Kuwait Food and Drink Report (Feb-10)

Mon, 08 Mar 2010 13:59:00 GMT

Forecast to record a tentative recovery in 2010, Kuwait?s export oriented economy came under strain in

2009 as depressed global sentiment weighed down energy export revenues. Driven by public sector

spending, BMI expects GDP growth to come in at 2% in 2010, which will be welcomed by Kuwait?s

fairly dynamic food processing industry as discussed in BMI?s recently published Kuwait Food & Drink

Report for Q210.

On the back of the anticipated economic recovery, BMI expects headline food consumption in Kuwait to

Kuwait's NBK to raise capital for expansion

Mon, 08 Mar 2010 11:16:53 GMT

The National Bank of Kuwait, the Gulf emirate's largest lender, said on Monday its shareholders have approved a proposal to raise the bank's capital to meet future expansion plans.

Aston Martin Kuwait Co-Owner May Seek Stability Law Cover

Mon, 08 Mar 2010 08:23:43 GMT

Kuwait's Investment Dar said it may seek cover under the country's Financial Stability Law as it fights to hold onto prized assets including a stake in British carmaker Aston Martin amid debt restructuring talks.

Kuwait stocks down over collective pressure for leading, cheap shares

Sun, 07 Mar 2010 14:40:11 GMT

Notwithstanding the slight dip in the price index of the Kuwait Stock Exchange (KSE) on Sunday, all indications bespeak that many operating shares in all sectors were safe from the profiting-taking wave.

Al-Khaled: KFH spent KD 450m in retail market in 2009

Sun, 07 Mar 2010 12:32:50 GMT

The AGM for the Commercial Sector at Kuwait Finance House (KFH) Ahmed Al-Khaled said that boosting the economy through increasing sales in local market is one of KFH's priorities, since KFH's expenditure in 2009 in the local market reached more than KD 450 million, which shows KFH's ability to offer various services and products that suit the clients and the suppliers.

KFIC increases stake in Kuwait Real Estate Co to 5%

Sun, 07 Mar 2010 10:23:59 GMT

Kuwait Finance and Investment Co. (KFIC) announced that it increased its stake in Kuwait Real Estate Co., a Kuwait Stock Exchange listed company, to 5% through stock buys on the public exchange on Thursday.

GFH establishing Syria Finance House

Sun, 07 Mar 2010 07:35:40 GMT

Gulf Finance House (GFH) announced that its in an advanced stage for establishing one of the largest Islamic banks in Syria under the name of Syria Finance House (SFH).

EFG: Regional Monthly (07-Mar-10)

Sun, 07 Mar 2010 06:50:00 GMT

This is a PDF report.

KSE maintains stable performance this week -- Bayan report

Sat, 06 Mar 2010 11:58:16 GMT

The performance of Kuwait Stock Exchange (KSE) during the three trading sessions was stable, despite the sales operations, said Bayan Investment Co. in a report on Saturday.

Global's debt restructuring named 'Most Innovative Deal' by Euromoney

Sat, 06 Mar 2010 11:57:09 GMT

Global Investment House (Global) announced on Saturday that it has received the 'Most Innovative Deal' award by Euromoney for the Islamic tranche of its debt restructuring, which was signed on December 10, 2009 with a group of 53 banks.

Global: Global and Regional Market Review (Mar-10)

Mon, 01 Mar 2010 07:37:00 GMT

This is a PDF report.

Markaz: Markaz Funds Fact Sheet (Feb-10)

Sun, 28 Feb 2010 10:03:00 GMT

This is a PDF report.

Zawya.com - Kuwait SE News

QPIC Holds its Annual General Meeting

KSE price index in red, closes 2.1 pts down to 7413.7 pts

Kuwaiti shares down 15.2 points at early trade

KSE price index in red, closes at 7,415 pts

Kuwaiti shares continue slump in midday

Kuwaiti shares down at early trade

KSE price index 46.5 pts in the red by midday

Kuwaiti shares down at early trade

KAMCO announces Manafae shares listing on KSE index

KSE agrees listing of Boubyan Industries

Fitch affirms Kuwait International Bank at 'A-'

Investment Dar's Application to Enter into Financial Stability Law Accepted

KAMCO announces listing of Manafae Investment's Shares on KSE

Kuwait gov't approves bill to change BKME into Al-Ahli United Bank

GCC banks net profits drop 8.56% to $14.4b

Global reports continuing profitability in its fee-based businesses of investment banking, asset management and brokerage, and a stabilizing of overall performance

BMI: Kuwait Autos Report (Mar-10)

Global: Investors Trading Patterns (Feb-10)

KSE indices hold on to slim rise in midday trade

Markaz: GCC Bond Market Survey (Feb-10)

NBK Capital: MENA in Focus (08-Mar-10)

Kuwaiti market ends in green

United Securities: Monthly GCC Top Picks (09-Mar-10)

Kuwaiti shares slightly down at opening

KIPCO forms new pension company

BMI: Kuwait Defence and Security Report (Mar-10)

New strategy helps KFH stay in profit

BMI: Kuwait Infrastructure Report (Feb-10)

BMI: Kuwait Food and Drink Report (Feb-10)

Kuwait's NBK to raise capital for expansion

Aston Martin Kuwait Co-Owner May Seek Stability Law Cover

Kuwait stocks down over collective pressure for leading, cheap shares

Al-Khaled: KFH spent KD 450m in retail market in 2009

KFIC increases stake in Kuwait Real Estate Co to 5%

GFH establishing Syria Finance House

EFG: Regional Monthly (07-Mar-10)

KSE maintains stable performance this week -- Bayan report

Global's debt restructuring named 'Most Innovative Deal' by Euromoney

Global: Global and Regional Market Review (Mar-10)

Markaz: Markaz Funds Fact Sheet (Feb-10)