Sep 23 2010 |
more articles from
|
KSE index ends action with up of 24.5 points
KUWAIT: Kuwaiti equities ended yesterday's session in a positive note. The gains came on the back of a smart rally staged by Industrial and banking stocks, namely Kuwait Finance House (KFH) and United Industries Co. All major indices inched higher during the day.Market Indices
Global General Index (GGI) closed 0.88 points up (0.42 percent) during the day at 210.43 point as the Market capitalization was up for the day reaching KD33.88mn. On the other side, Kuwait Stock Exchange Price Index managed to close up gaining a 24.50 point to its value and closed at 6,845.3 point.
Market Breadth
During the session, 121 companies were traded. Market breadth was skewed towards advancers as 44 equities advancedversus 36 that retreated, while 131 stocks remained unchanged during the trading session.
Daily Trading Activity
Trading activities ended on a positive note today as volume of shares traded on the exchange increased by 42.04 percent to reach 385.58mn shares, and value of shares traded increased by 10.13 percent to stand at KD48.72mn.
The Investment Sector was the volume leader today, accounting for 36.39 percent of total shares and the Banking Sector was the value leader, with 24.80 percent of total traded value.
International Financial Advisors (IFA) led the volume & Value leaders list for the day, as investors traded 47.48mn shares of the company with a total traded value of KD3.19mn.
Top Gainers and Biggest Decliners
In terms of top gainers, United Industries Co. was the biggest gainer for the day, adding 8.47 percent and closed at KD0.128. On the other hand, Kuwait Cable Vision Co. was the biggest decliner, dropping by 7.35 percent and closed at KD0.063.
Sectors Wise
The advance was broad-based with 5 out of 8 sectors closing in positive territory. Industrial stocks spearheaded advancers, clocking 0.91 percent in sector gains. United Industries Co. rose by 8.47 percent. Also, among the sector's gainers were Kuwait Building Materails Manufacturing Co. (+8.00 percent) and Ikarus Petroleum Industries Co. (+7.35 percent). Banking sector added 0.73 percent compared to the previous closing. Kuwait Finance House (KFH), was the sector's major gainer, as it soared by 3.57 percent to reach KD1.160. Boubyan Bank followed adding 1.64 percent to close at KD0.620. On the other hand, Food sector was the major decliner for the day shedding by 0.83 percent, as Kuwait Foodstuff Company (Americana) plunged by 1.30 percent to close at KD1.520.
Oil News
The price of Kuwaiti crude oil hiked by 71 cents in trading on Tuesday to settle at USD 73.96 a barrel, compared with last Monday's price of USD 73.25, the Kuwait Petroleum Corporation (KPC) said on Wednesday. The rise in Kuwaiti oil prices comes in spite of the appreciation of the US dollar versus other key currencies due to expectations of data on the US economy. Kuwait's current oil prices are the highest in six weeks, but they are still within the OPEC target of USD 70-80 per barrel. Kuwait will host on October 10 the 29th GCC ministerial meeting of the petroleum cooperation committee headed by Oil Minister and Information Minister Sheikh Ahmad Al-Abdullah Al-Sabah.
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment