22 January 2007
KUWAIT: KSE started the week with a mixed performance in its first session as Global General Weighted Index registered an increase while KSE Price Index dropped. Agility, National Real Estate Company and Sultan Center Food Products Company were back in the picture in today's session as the Kuwait Court of First Instance has adjourned a case filed by the National Real Estate Company against the earlier decision of the Minister of Commerce and Industry Falah Fahad Al-Hajri to annul the free trade zone management contract till February 11, 2007.
KSE Price Index decreased by 0.2 per cent or 19.2 points today to close at 9,776.3 points. On the other hand, Global General Index ended the day up by 0.21 per cent or 0.61 points to close at 287.74 points.
Three out of the 8 sectors witnessed gains today, lead by the real estate sector as Global Real Estate Index registered an increase of 0.95 per cent. Al-Mazaya Holding Company. The latter's stock price increased by 6.25 per cent and closed at 680fils after it declared profit its had made from selling assets in Dubai. The company gained AED231mn or around KD18mn from selling two under-construction facilities in Dubai. Global Banking Index increased by 0.71 per cent yesterday, after the stock prices of National Bank of Kuwait, Bank of Kuwait and the Middle East and Commercial Bank of Kuwait witnessed an increase of 0.93 per cent, 3.23 per cent and 1.75 per cent respectively.
Global Services Index increased by 0.84 per cent, backed by the 6.94 per cent of gains registered in Agility.
The scrip ended the day at KD1.54.
Moreover, Sultan Center Food Products Company registered an increase of 9.09 per cent to close at 540 fils.
Villa Moda Lifestyle will be listed today (Jan 22), to be the first company to be listed this year under the services sector. The company was established in 2004 with a capital of KD6.75mn.
Global Industrial Index was the major loser today as it declined by 1.16 per cent on the back of the declines registered in many stocks in this sector. The market witnessed 25 advancers against 47 decliners, while 108 stocks remained unchanged. Market capitalization increased by 0.21 per cent today to reach KD 41.59mn.
Volume of shares traded increased by 6.6 per cent today to reach 76.74mn shares traded at a value of KD39.9mn. Investment sector registered 49.95 per cent of the total traded volume today, followed by the services sector registering 22.26 per cent of the total volume traded. Kuwait Projects Company continued to attract trading activity, as it witnessed 6.15mn shares exchanging hands at a value of KD 3.63mn.
Furthermore, Agility was the value leader today as the value of transactions on this stock reached KD 4.46mn.
National Real Estate Company was the prominent gainer, registering an increase of 9.09 per cent, while Tamdeen Investment Company was the major loser, registering a decline of 8.33 per cent, to close at 275 fils.
Al Safat Investment Company announced that it has acquired a 60 per cent stake in the "Kuwaiti British for Educational Services Company" and a 60 per cent stake in the "Knowledge Model for Educational Services Company" for a total value of KD 9.18mn. Kuwait Foundry Company announced that it has acquired 5% stake in Gulf Industrial Investment Company (Bahrain)for a total price of $41.8mn.
KUWAIT: KSE started the week with a mixed performance in its first session as Global General Weighted Index registered an increase while KSE Price Index dropped. Agility, National Real Estate Company and Sultan Center Food Products Company were back in the picture in today's session as the Kuwait Court of First Instance has adjourned a case filed by the National Real Estate Company against the earlier decision of the Minister of Commerce and Industry Falah Fahad Al-Hajri to annul the free trade zone management contract till February 11, 2007.
KSE Price Index decreased by 0.2 per cent or 19.2 points today to close at 9,776.3 points. On the other hand, Global General Index ended the day up by 0.21 per cent or 0.61 points to close at 287.74 points.
Three out of the 8 sectors witnessed gains today, lead by the real estate sector as Global Real Estate Index registered an increase of 0.95 per cent. Al-Mazaya Holding Company. The latter's stock price increased by 6.25 per cent and closed at 680fils after it declared profit its had made from selling assets in Dubai. The company gained AED231mn or around KD18mn from selling two under-construction facilities in Dubai. Global Banking Index increased by 0.71 per cent yesterday, after the stock prices of National Bank of Kuwait, Bank of Kuwait and the Middle East and Commercial Bank of Kuwait witnessed an increase of 0.93 per cent, 3.23 per cent and 1.75 per cent respectively.
Global Services Index increased by 0.84 per cent, backed by the 6.94 per cent of gains registered in Agility.
The scrip ended the day at KD1.54.
Moreover, Sultan Center Food Products Company registered an increase of 9.09 per cent to close at 540 fils.
Villa Moda Lifestyle will be listed today (Jan 22), to be the first company to be listed this year under the services sector. The company was established in 2004 with a capital of KD6.75mn.
Global Industrial Index was the major loser today as it declined by 1.16 per cent on the back of the declines registered in many stocks in this sector. The market witnessed 25 advancers against 47 decliners, while 108 stocks remained unchanged. Market capitalization increased by 0.21 per cent today to reach KD 41.59mn.
Volume of shares traded increased by 6.6 per cent today to reach 76.74mn shares traded at a value of KD39.9mn. Investment sector registered 49.95 per cent of the total traded volume today, followed by the services sector registering 22.26 per cent of the total volume traded. Kuwait Projects Company continued to attract trading activity, as it witnessed 6.15mn shares exchanging hands at a value of KD 3.63mn.
Furthermore, Agility was the value leader today as the value of transactions on this stock reached KD 4.46mn.
National Real Estate Company was the prominent gainer, registering an increase of 9.09 per cent, while Tamdeen Investment Company was the major loser, registering a decline of 8.33 per cent, to close at 275 fils.
Al Safat Investment Company announced that it has acquired a 60 per cent stake in the "Kuwaiti British for Educational Services Company" and a 60 per cent stake in the "Knowledge Model for Educational Services Company" for a total value of KD 9.18mn. Kuwait Foundry Company announced that it has acquired 5% stake in Gulf Industrial Investment Company (Bahrain)for a total price of $41.8mn.
© Kuwait Times 2007
