10 February 2007
Kuwait Stock Exchange (KSE) started the week on a mixed note as KSE Price Index witnessed a decline of 47.8 points or 0.5 per cent to close at 9,584.5 points, while Global General Index increased by 0.4 points or 0.14 per cent to close at 285.94 points. Global Banking Index led the eight sectoral indices with an increase of 0.84 per cent. The stock price of National Bank of Kuwait witnessed high trading activity as the value of shares traded reached KD5.56mn. The scrip ended the day with an increase of 3 per cent and closed at KD2.06.
Global Services Index registered an increase of 0.75 per cent. Mobile Telecommunication Company registered its highest price since December 24 2005, as its price reached KD3.58 at the end of today's session. It was the value leader today at KD6.36mn. Global Non-Kuwaiti Index and Global Real Estate Index both increased by 0.23 per cent and 0.05 per cent respectively.
Industrial sector showed the steepest decline today, with only two stocks showing gains. The two gainers were International Industrial Projects Group which was the prominent gainer yesterday (+3.64 per cent) and Aerated Concrete Industries Company (+2.11 per cent). ACICO announced that its subsidiary (75% owned) has presented the best offer in a KD 33 million tender to establish 443 residential units at a new region in Kuwait.
Market capitalisation registered an increase of 0.14 per cent, reaching KD41.35bn. Decliners outnumbered advancers by a margin of 58 stocks to 26 stocks, while 97 stocks remained unchanged. Volume of shares traded stood at 100.17mn shares, aggregating to KD54.68mn. Real Estate sector accounted for 36.85 per cent of the total traded volume yesterday. Heavy trading was witnessed on The Commercial Real Estate Company with 13.47mn shares changing hands. The scrip registered an increase of 3.51 per cent to close at 295fils. Aqar Real Estate Investment company was the prominent loser yesterday as it registered a loss of 7.02 per cent to close at 106fils.
Global Small Cap Index registered an increase of 0.6 per cent on the back of the gains registered in 3 stocks out of which Kuwait Company for Process Plant Construction & Contracting and Palms Agro Production registered an increase of 1.79 per cent and 1.77 per cent respectively.
Kuwait Central Bank approved Burgan Bank's request to buy back a maximum of 10 per cent of its outstanding shares for a six months period starting February 7, 2007. Global Investment House announced that Global 10 Large Cap Index fund will distribute 200 per cent dividends for its shareholders, the largest ever for a local investment fund in Kuwait.
Kuwait Petroleum Corporation announced that the price of Kuwaiti crude oil reached $52.74 per barrel on Friday, an increase of $1.62 compared to Thursday's price of $51.12 per barrel.
Kuwait Stock Exchange (KSE) started the week on a mixed note as KSE Price Index witnessed a decline of 47.8 points or 0.5 per cent to close at 9,584.5 points, while Global General Index increased by 0.4 points or 0.14 per cent to close at 285.94 points. Global Banking Index led the eight sectoral indices with an increase of 0.84 per cent. The stock price of National Bank of Kuwait witnessed high trading activity as the value of shares traded reached KD5.56mn. The scrip ended the day with an increase of 3 per cent and closed at KD2.06.
Global Services Index registered an increase of 0.75 per cent. Mobile Telecommunication Company registered its highest price since December 24 2005, as its price reached KD3.58 at the end of today's session. It was the value leader today at KD6.36mn. Global Non-Kuwaiti Index and Global Real Estate Index both increased by 0.23 per cent and 0.05 per cent respectively.
Industrial sector showed the steepest decline today, with only two stocks showing gains. The two gainers were International Industrial Projects Group which was the prominent gainer yesterday (+3.64 per cent) and Aerated Concrete Industries Company (+2.11 per cent). ACICO announced that its subsidiary (75% owned) has presented the best offer in a KD 33 million tender to establish 443 residential units at a new region in Kuwait.
Market capitalisation registered an increase of 0.14 per cent, reaching KD41.35bn. Decliners outnumbered advancers by a margin of 58 stocks to 26 stocks, while 97 stocks remained unchanged. Volume of shares traded stood at 100.17mn shares, aggregating to KD54.68mn. Real Estate sector accounted for 36.85 per cent of the total traded volume yesterday. Heavy trading was witnessed on The Commercial Real Estate Company with 13.47mn shares changing hands. The scrip registered an increase of 3.51 per cent to close at 295fils. Aqar Real Estate Investment company was the prominent loser yesterday as it registered a loss of 7.02 per cent to close at 106fils.
Global Small Cap Index registered an increase of 0.6 per cent on the back of the gains registered in 3 stocks out of which Kuwait Company for Process Plant Construction & Contracting and Palms Agro Production registered an increase of 1.79 per cent and 1.77 per cent respectively.
Kuwait Central Bank approved Burgan Bank's request to buy back a maximum of 10 per cent of its outstanding shares for a six months period starting February 7, 2007. Global Investment House announced that Global 10 Large Cap Index fund will distribute 200 per cent dividends for its shareholders, the largest ever for a local investment fund in Kuwait.
Kuwait Petroleum Corporation announced that the price of Kuwaiti crude oil reached $52.74 per barrel on Friday, an increase of $1.62 compared to Thursday's price of $51.12 per barrel.
© Kuwait Times 2007
