29 April 2009
KUWAIT: Global General Index (GGI) ended the day on a positive note by adding 0.45 points, which translates into a 0.24 percent gain during the session to reach 192.29 points. The KSE Price Index posted a marginal decline yesterday of 1.80 points (-0.02 percent) to close at 7,491.70 points.
Market capitalization was up yesterday by KD73.57mn to reach KD31.18bn. During the session, market breadth was almost even as 48 equities declined versus 47 advancers, while 108 stocks were unchanged. A total of 127 stocks were traded yesterday.
Volume and value of shares traded on the exchange ended the session on a positive note, as investors exchanged 635.292mn shares (+4.67 percent), at a total traded value of KD118mn (+20.69 percent).
The Investment Sector was the volume leader for the day, accounting for 35.57 percent (225.98mn shares) of total volume. International Financial Advisors and Al-Deera Holding Company had the highest volumes in the investment sector, with 96.24mn and 44.02mn shares changing hands, respectively.
The Banking Sector was the value leader yesterday, with a total traded value of KD32.49mn or 27.56 percent of total market value. Aiding the sector was Kuwait Finance House, which had a total traded value of KD20.34mn. The scrip ended the day up 5.66 percent to end at KD1.120.
In terms of advancers, Kuwait Hotels Company was the top gainer. The scrip ended the day up 9.80 percent to end at 280fils. On the other side, Al-Madar Finance and Investment Company was the top decliner, down 7.27 percent to end the day at 102fils.
Sector wise, five out of eight Global sectoral indices ended the day in the green with Global Banking Index being the top gainer. The index posted a 1.17 percent gain backed by five banks advancing with Kuwait International Bank and Burgan Bank posting a 3.92 percent and 2.47 percent advance, respectively.
Global Real Estate Index was the second biggest gainer today, up 0.67 percent backed by the largest company in the sector, Mabanee Company, posting a 1.56 percent gain to end at 650fils. Furthermore, Arab Real Estate Company adjusted their EPS for the FY ending in December 31, 2008 from 0.07fils to 0.15fils.
Global Food Index was the top decliner yesterday, down 4.11 percent. The decline was the result of Kuwait Foodstuff Company (Americana) and Danah Al-Safat Foodstuff Company which declined 5.56 percent and 1.37 percent, respectively.
Regarding Global Special Indices, they ended on a mixed note. Global Islamic Index compensated for yesterday's loss by gaining 2.86 percent during today's trading session, making it the top gainer, backed by gains in the Islamic banks. Global Small Cap (Low 10) posted a 1.76 percent gain backed by Automated Systems Company, which gained for the fifth consecutive session.
The KSE announced that Hayat Communications Company along with a Bahraini partner, co-launched Hayatcom LLC, a limited liability company with a paid-up capital of BHD100,000. Ownership structure is divided as follows:
Hayat Communications Company: 70%
Sanam Holding Co. LLC (Bahrain): 15%
Fareeda Issa Ahmad Al Saeed (Bahrain): 15%
KSE announced that Kuwait & Middle East Financial Investment obtained the approval from the Central Bank of Kuwait on April 27, 2009 to extend the period for repurchasing 10 percent maximum of its issued shares for 6 months, as of the date of current approval.
Kuwaiti crude dropped 32 cents on Monday to reach $48.86 per barrel according to Kuwait Petroleum Corporation. Furthermore, the price of OPEC basket of 12 crudes stood at $49.21 a barrel on Monday compared with $49.97 that was recorded last Friday, according to OPEC Secretariat calculations.
KUWAIT: Global General Index (GGI) ended the day on a positive note by adding 0.45 points, which translates into a 0.24 percent gain during the session to reach 192.29 points. The KSE Price Index posted a marginal decline yesterday of 1.80 points (-0.02 percent) to close at 7,491.70 points.
Market capitalization was up yesterday by KD73.57mn to reach KD31.18bn. During the session, market breadth was almost even as 48 equities declined versus 47 advancers, while 108 stocks were unchanged. A total of 127 stocks were traded yesterday.
Volume and value of shares traded on the exchange ended the session on a positive note, as investors exchanged 635.292mn shares (+4.67 percent), at a total traded value of KD118mn (+20.69 percent).
The Investment Sector was the volume leader for the day, accounting for 35.57 percent (225.98mn shares) of total volume. International Financial Advisors and Al-Deera Holding Company had the highest volumes in the investment sector, with 96.24mn and 44.02mn shares changing hands, respectively.
The Banking Sector was the value leader yesterday, with a total traded value of KD32.49mn or 27.56 percent of total market value. Aiding the sector was Kuwait Finance House, which had a total traded value of KD20.34mn. The scrip ended the day up 5.66 percent to end at KD1.120.
In terms of advancers, Kuwait Hotels Company was the top gainer. The scrip ended the day up 9.80 percent to end at 280fils. On the other side, Al-Madar Finance and Investment Company was the top decliner, down 7.27 percent to end the day at 102fils.
Sector wise, five out of eight Global sectoral indices ended the day in the green with Global Banking Index being the top gainer. The index posted a 1.17 percent gain backed by five banks advancing with Kuwait International Bank and Burgan Bank posting a 3.92 percent and 2.47 percent advance, respectively.
Global Real Estate Index was the second biggest gainer today, up 0.67 percent backed by the largest company in the sector, Mabanee Company, posting a 1.56 percent gain to end at 650fils. Furthermore, Arab Real Estate Company adjusted their EPS for the FY ending in December 31, 2008 from 0.07fils to 0.15fils.
Global Food Index was the top decliner yesterday, down 4.11 percent. The decline was the result of Kuwait Foodstuff Company (Americana) and Danah Al-Safat Foodstuff Company which declined 5.56 percent and 1.37 percent, respectively.
Regarding Global Special Indices, they ended on a mixed note. Global Islamic Index compensated for yesterday's loss by gaining 2.86 percent during today's trading session, making it the top gainer, backed by gains in the Islamic banks. Global Small Cap (Low 10) posted a 1.76 percent gain backed by Automated Systems Company, which gained for the fifth consecutive session.
The KSE announced that Hayat Communications Company along with a Bahraini partner, co-launched Hayatcom LLC, a limited liability company with a paid-up capital of BHD100,000. Ownership structure is divided as follows:
Hayat Communications Company: 70%
Sanam Holding Co. LLC (Bahrain): 15%
Fareeda Issa Ahmad Al Saeed (Bahrain): 15%
KSE announced that Kuwait & Middle East Financial Investment obtained the approval from the Central Bank of Kuwait on April 27, 2009 to extend the period for repurchasing 10 percent maximum of its issued shares for 6 months, as of the date of current approval.
Kuwaiti crude dropped 32 cents on Monday to reach $48.86 per barrel according to Kuwait Petroleum Corporation. Furthermore, the price of OPEC basket of 12 crudes stood at $49.21 a barrel on Monday compared with $49.97 that was recorded last Friday, according to OPEC Secretariat calculations.
© Kuwait Times 2009
