Humansoft Holding jumps 80 fils; Zain flat
Kuwait City: Kuwait stocks headed north on Monday, extending the gains to fifth consecutive session. The price index climbed 27.58 points in choppy trade to 6,299.04 pts helped by speculative trading in some of the mid and small caps.
The market mood was cautiously positive even as oil crept higher after prolonged slump. The KSX 15 gauge eased 0.62 pts to 1,010.68 points taking the month's losses to 5 points while weighted index inched 0.07 pts up. The volume turnover meanwhile soared past the 100 million mark after receding in last two sessions. 124.44 million shares changed hands - a 51.30 pct surge from Sunday. The sectors closed mostly in the positive territory.
Oil and gas outshone the rest with 2.37 percent gain whereas parallel market shed 0.77 percent, the biggest loser of the day. In terms of volume, real estate accounted for the highest market share of 45.82 percent while financial services and banks trailed behind with 27 percent and 14.13 pct contributions respectively.
Among the advancers, Humansoft Holding continued to advance with 80 fils spike and NAPESCO climbed 50 fils extending the strong gains in the last session. Safwan Trading and Contracting Co rose 15 fils while Nafais Holding Co and Educational Holding Co added 10 fils each. Sector heavyweight Zain was flat at KD 0.415 and Wataniya Telecom climbed 40 fils after clocking robust gains in the previous session.
Kuwait Telecommunications Co (VIVA) rose 10 fils and logistics major Agility held steady at KD 0.650. Banking sector bellwether National Bank of Kuwait paused at KD 0.860 off early lows and Kuwait Finance House followed suit. The bank has logged a net profit of KD 62.3 million in the first half of 2015 while earning per share stood at 13.30 fils. The market opened on tame note and moved sideways in early trade. The key index ticked up almost an hour into the session and drifted listlessly thereafter as sentiment turned brittle.
However it picked up momentum in the final minutes amid buying spurt in select counters and closed with modest gains. Top gainer of the day, NAPESCO climbed 8.47 pct to KD 0.640 and KFIC climbed 7.55 pct to stand next. Al Eid Food slid 7.81 pct, the steepest decliner of the day, and Al Dar National Real Estate Co topped the volume with over 42 million shares. Mirroring the day's upswing, the winners continued to out lead the losers. 40 stocks advanced whereas 32 closed lower. Of the 133 counters active on Monday, 61 closed flat. 3,081 deals worth KD 10.39 million were transacted - a slight 0.48 pct rise in value from the day before.
National Industries Group fell 2 fils to KD 0.170 while Kuwait Cement Co and Kuwait Portland Cement were unchanged at KD 0.36 and KD 1.160 respectively. RISCO held steady at KD 0.390 and Gulf Cable followed suit to wind up at KD 0.495. Shuaiba Industrial Co stagnated at KD 0.410. Jazeera Airways was unchanged at KD 0.470 and ALAFCO followed suit. The company has clocked a net profit of KD 13.4 million for the ninemonth period ending June 30, 2015.
The earnings per share came in at 16.3 fils and company's total revenues reached KD 47.7 million. United Projects Group and Mashaer Holding were flat at KD 0.690 and KD 0.118 respectively while Kuwait and Gulf Link Transport Co dialed down 1 fil. KGL Logistics Co inched 1 fil up. Clipped Zima Holding Co clipped 2 fils whereas Mezzan Holding Co paused at KD 1.120. The company has logged a net profit of KD 12.49 million and earnings per share of 42.13 fils in the January-June period of 2015, surging from net profit of KD 7.53 million and earnings per share of 25.41 fils in 2014, H1. ACICO Industries Co and NICBM were flat at KD 0.315 and KD 0.208 respectively while Salbookh Trading Co and Ikarus Petroleum Industries Co gave up 2 fils each.
Arabi Holding Co took in 2 fils to settle at KD 0.108. In the banking sector, Gulf Bank was steady at KD 0.275 while Al Ahli Bank of Kuwait and Ahli United Bank shed 10 fils each. Kuwait International Bank was flat at KD 0.240 whereas Commercial Bank of Kuwait was not traded during the session. Burgan Bank stagnated at KD 0.415 off early lows and is trading 65 fils lower year-to-date while Boubyan Bank was up 5 fils at KD 0.425. Warba Bank held steady at KD 0.218 after trading over 2 million shares. Investment conglomerate KIPCO retreated 10 fils to KD 0.660 and Kuwait Financial Centre closed flat. The company has posted a first half net profit of KD 3.73 million and earnings per share of 87 fils.
Kuwait Investment Co dialed up 2 fils while Securities House Co and KMEFIC paused at 58 fils and 34 fils respectively. Bayan Investment Co inched 1 fil down and National Investments Company was unchanged at KD 0.128. The company has recorded a net profit of KD 3.80 million and earnings per share of 4.46 fils in the January-June period of 2015. Noor Financial Investment Co stagnated at 79 fils. Sokouk Holding Co and Warba Insurance clipped 2 fils each while Ektittab Holding Co and Al Qurain Holding were unchanged at 42 fils and 10 fils respectively. Mabanee Co shed 10 fils and Al Mazaya Holding Co paused at KD 0.950 and KD 0.116 respectively. The bourse has been upbeat so far during the week and has gained 50 points in last two sessions. The price index has climbed 46 pts from start of the month and is trading 3.62 pct lower year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region.
In the bourse related news, Alimtiaz Investment Group Co has registered a net profit of KD 7.65 million and earnings per share of 6.96 fils in the first of 2015, rising sharply from net profit of KD 50,685 and earnings per share of 0.05 fils in the same period of 2014. Aayan Leasing and Investment Company has clocked a net profit of KD 5.42 million and earnings per share of 6.76 fils in the six-month period ending June 30, 2015, down from net profit of KD 8.88 million and earnings per share of 11.07 fils in the H1 of 2014. Kuwait Cable Vision Company has clocked a net profit of KD 211,173 and earnings per share of 7.04 fils in the 6-month period ending June 30, 2015 as compared to net loss of KD 117,759 and loss per share of 3.93 fils.
City Group Company has posted a net profit of KD 3.56 million and earnings per share of 31.51 fils in the January-June period of 2015 as against net profit of KD 2,85 million and earnings per share of 25.29 fils in the same period last year. Ikarus Petrolem Industries Co has recorded a net profit of over KD 4 million and earnings per share of 5.13 fils in the six-month period ending June 30, 2015 as compared to net profit of KD 8.83 million and earnings per share of 11.30 fils in the 2014, H1.
© Arab Times 2015
