Jan 15 2007 |
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Kuwait Stock Exchange index settles at 9886.8 pts
KUWAIT: KSE resumed its southward journey as KSE Price Index decreased by 1.34 per cent or 134.1 points today to close at 9,886.8 points. Moreover, Global General Index ended the day down by 1.48 per cent or 4.35 points to close at 289.16 points. All eight Global sectoral indices registered losses today, with Global Services Index registering the highest decline of 1.97 per cent, on the back of the losses registered in 18 out of the 45 stocks in this sector. Out of the decliners, Agility lost 6.17 per cent on selling pressure, as its stock witnessed 201 deals at a value of KD 2.56mn. Another loser was Mobile Telecommunication Company's stock, which registered a decline of 2.31 per cent to close at KD 3.38.Also, under the services sector, Independent Petroleum Group announced its profit of KD 6.089mn for the year ending in December 31, 2006. The Board of Directors proposed distributing 30 per cent cash dividend.
The scrip witnessed an increase of 1.19 per cent and closed at 425fils.
Global Real Estate Index lost 1.89 per cent, with only one gainer in this sector, Pearl of Kuwait Real Estate Company, which registered an increase of 1.47 per cent and closed at 138 fils. Out of the losers, National Real Estate Company and Kuwait Real Estate Company lost 3.7 per cent and 1.35 per cent respectively.
Global Industrial Index decreased by 1.78 per cent. Major losers in this sector were Hilal Cement Company (-7.14 per cent), which was one of the major losers today, followed by Heavy Engineering Industries and Shipbuilding Company (-5.56 per cent) and Gulf Rocks Company (-4.44 per cent).
Market capitalization declined by 1.48 per cent today to reach KD 41.77mn.
Decliners outnumbered advancers by a margin of 92 to 15 stocks, while 73 stocks remained unchanged. Volume of shares traded increased by 14.04 per cent today to reach 118.64mn shares traded at a value of KD 72.19mn. Investment sector registered 51.33 per cent of the total traded volume, followed by the services sector which accounted for 13.96 per cent of the total volume. Kuwait Projects Company continued to attract trading activity, as it witnessed 31.68mn shares exchanging hands at a value of KD 18.28mn. The scrip ended the day at 590fils, registering a decline of 3.51 per cent. Kuwait Cable Vision Company was the prominent gainer today, registering an increase of 4.82 per cent to close at 174fils, while National Ranges and Real Estate Company was a major loser, registering a decline of 7.14 per cent to close at 130fils.
Global Islamic Index registered a decline of 2.4 per cent on the back of the losses registered in 24 out of the 35 stocks that constitutes this index. Out of the losers, Hajj and Umrah Services Consortium lost 3.49 per cent and closed at KD 1.66, while Tijara & Real Estate Investment Company lost 3 per cent and closed at 194 fils.
The Commercial Real Estate Company announced that it has acquired a residential investment compound in Al Mahboula area for a price of KD 6.5mn. Global Investment House announced that its GCC Real Estate Fund concluded its latest real estate acquisition in the Kingdom of Bahrain.
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