Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Wataniya Telecom dips 40 fils NBK flat   Join our daily free Newsletter

MENAFN - Arab Times - 03/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait stocks bounced on Sunday after pulling lower during last week. The index, after a tame start, climbed 54.31 pts to 7810.11 points helped by speculative interest in select mid and low caps. The banking majors were mostly muted whereas other heavyweights swayed in both directions. The KSX 15 gauge eased 2.7 pts to 1,074.81 points whereas weighted index edged 0.83 pts up to settle at 460.9 points. The volume turnover meanwhile receded for the third straight session. 305.50 million shares changed hands - a 10.34 pct fall from the day before



The sectors closed mostly in the green. Consumer services outshone the rest with 1.13 percent upswing whereas basic materials shed 0.67 percent, the biggest loser of the day. In terms of volume, financial services notched the highest market share of 44.04 pct while real estate came in next with 31.12 pct. Industrials was a distant third with 12.22 pct contribution. Among notable gainers, Kuwait Insurance Co climbed 15 fils to KD 0.310 and Al Rai Media Group Co rose 10 fils. Contracting and Marine Services gained 6 fils and Gulf Franchising Holding Co added 5 fils. Equipment Holding Co was up 10 fils at KD 0.176 extending the modest rise in the day before



Save

Al Mazaya Holding Co gained 6 fils while Kuwait National Cinema soared 50 fils. The company has notched a net profit of KD 6.13 million earnings per share of 61.74 fils in the nine-month period ending September 2013, soaring from KD 4.73 million profit and earnings per share of 47.43 fils in the 9M period of 2012. Market heavyweight Zain slipped 10 fils to KD 0.670 after trading 1.3 million shares while Wataniya Telecom dived 40 fils to KD 1.840 shrinking its year's gain to 80 fils. Agility gained 20 fils on back of 1.77 million shares partly paring the gains in the last session. The market opened flat and moved sideways in early trade. The index eased slightly to hit the day's lowest level of 7751 pts before heading higher amid buying in select counters. It drifted in a tight range before revving up in the final minutes to peak at 7812.29 points



Top gainer of the day. Amar For Finance and Leasing rallied 8.77 pct to 62 fils and Al Rai Media climbed 6.76 pct to stand next. Al Massaleh Real Estate Co slumped 5.38 pct, the steepest decliner of the day and Al Deera Holding topped the volume with 33.46 million shares. Mirroring the day's gain, the market spread was skewed towards the winners. 59 stocks advanced whereas 25 closed lower. Of the 143 counters active on Sunday, 59 closed flat. 5943 deals worth KD 31.13 million were transacted - a 10.04 percent fall in value from the day before



Among other advancers, Nafais Holding Co rose 5 fils to 86 fils and Kuwait Resorts Co was up 3 fils at 98 fils. Burgan Well Drilling Co ticked 2 fils higher and Noor Financial Investment Co followed suit after clocking a volume of 2.89 million. On the downside, Qurain Petrochemical Industries Co shed 8 fils and Jazeera Airways was down 10 fils at KD 0.485. The carier has posted a net profit KD 16.67 million and earnings per share of 39.70 fils in the year 2013, up from KD 13.94 million and earnings per share of 38.37 fils in 2012. The Board of Directors has recommended a cash dividend of 15 percent. National Industries Group was flat at KD 0.228 off early highs and Kuwait Cement Co followed suit. The company has completed the 2nd phase of subscription in increasing its capital by 7%, which was fully covered . The company's capital after the increase stands at KD 73.330 millio



Stead

Kuwait Food Co ( Americana) bounced from early lows to hold steady at KD 2.500 and Gulf Cable too did not budge from its earlier close. The company has earned KD 9.06 million and clocked an earnings per share of 43 fils in the first nine-months of 2013 as compared with net profit of KD 10.54 million and earnings per share of 50 fils in the same period last year Kuwait Gulf Links was unchanged at KD 0.104 and KGL Logistics followed suit to wind up at KD 0.186. Gulf Glass Manufacturing Co stagnated at KD 0.660 and Kuwait Cable Vision followed suit.

In the banking sector, National Bank of Kuwait was flat at KD 0.940 and Gulf Bank gave up 5 fils to end at KD 0.360. NBK has posted a net profit KD 238.13 million and earnings per share of 53 fils in the year ending Dec 31, 2013. The Board of Directors has recommended a 30 pct cash dividend plus 5 percent bonus shares





Al Ahli Bank of Kuwait rose 10 fils to KD 0.430 and Ahli United Bank jumped 40 fils . Kuwait International Bank slipped 5 fils after clocking a volume of 1.15 million shares. Burgan Bank and Kuwait Finance House stagnated at KD 0.550 and KD 0.800 respectively and Boubyan Bank paused at its earlier close of KD 0.560. National Investment Co fell 2 fils to KD 0.154 whereas KIPCO did not in either direction . Securities House was up 4 fils and Bayan Investment Co followed suit. Sokouk Holding Co gained 6 fils on back of 15.3 million share



The bourse was mixed during last week. It closed lower in 3 of the 5 sessions and dropped 33 pts week-on-week. The price index had rallied 205 points during whole of January the month after dropping 185 points in December. KSE, with 213 listed companies, is the second largest bourse in the region. In the bourse related news, Refrigeration Ind. and Storage Co The company has announced a net profit of KD 2.72 million and earnings per share of 30.80 fils in 2013 as against KD 2.41 million profit and earnings per share of 27.30 fils the year before. The Board of Directors has recommended a cash dividend of 10 %





Kuwait Building Materials Mfg. has recorded a net profit of KD 581,231 and earnings per share of 19.17 fils in the year ending Dec 31, 2013, up from KD 411,453 profit and earnings per share of 13.57 fils in 2012. The Board of Directors has recommended 10 percent cash dividend. Aqar Real Estate Investments Co has won the approval of Capital Markets Authority for the , the company's request to buy back or sell up to 6.35% of own shares over a period of 6 months



Independent Petroleum Group has posted a net profit of KD 4.35 million in the first nine months of 2013 while earnings per share came in at 30.10 fils. This compares with KD 5.07 million net profit and earnings per share of 35.10 fils in the same period last year. Automated Systems Co has earned KD 1.45 million in the nine-month period ending Sept 30, 2013 while earnings per share stood at 36.27 fils. This compares with KD 4.01 million net profit and 100.26 fils EPS in the same period last year.




 


Arab Times




  MENA News Headlines
 Mar 31 2015 - US Crude Recovery May Be Limited, Natural Gas Braces For Storage DataDailyFX
(MENAFN - DailyFX) Gold slumped on Wednesday as its pricing currency the USD gained on the back of the December FOMCdecision. The removal of the 'considerable time' phrase from the policy statement, ...

 Mar 31 2015 - A noble gesture by UAE's Sheikh Hamdan: paperEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The decision of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council to donate his Dubai World ...

 Mar 31 2015 - Etihad Airways celebrates arrival of inaugural Alitalia flights from Venice and Milan to Abu DhabiEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Etihad Airways, the national airline of the United Arab Emirates, joined celebrations at Abu Dhabi International Airport yesterday to welcome the arrival of its ...

 Mar 31 2015 - UAE's Ministry of Higher Education and Scientific Research joins local and federal scholarship authorities to activate National Scholarship DatabaseEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) On the instructions of Sheikh Hamdan bin Mubarak Al Nahyan, Minister of Higher Education and Scientific Research, to coordinate and unite efforts with all ...

 Mar 31 2015 - UAE's Assistant Under-Secretary for Protocol Affairs at MoFA attends reception at Bangladesh EmbassyEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Shehab Ahmed Mohammed Al Fahim, Assistant Under-Secretary for Protocol Affairs in the Ministry of Foreign Affairs, attended a reception last night hosted by ...

 Mar 31 2015 - UAE's Minister of Environment discusses cooperation with Ambassadors of Poland and EritreaEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dr. Rashid Ahmed bin Fahad, Minister of Environment and Water, has met with Adam Krzymowski, Poland's Ambassador to the UAE, and discussed ways to enhance ...

 Mar 31 2015 - UAE's DLD sponsors fifth cycle of Princess Haya Award for Special EducationEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) Dubai Land Department, DLD, has signed a sponsorship agreement with the Princess Haya Award for Special Education, PHASE, to host its fifth cycle due to be held ...

 Mar 31 2015 - Talented Emirati musicians perform for patients across the UAE to aid their recoveryEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Abu Dhabi Festival, in association with Mubadala, has brought the popular 'Music in Hospitals' initiative to healthcare facilities across the UAE for the ...

 Mar 31 2015 - UAE's FCA launches customs statistics service on smart phonesEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The Federal Customs Authority yesterday launched a customs statistics service on its website and a smart phone application to respond to customers' enquiries on ...

 Mar 31 2015 - UAE remains dedicated to covering health needs of Syrian population affected by crisisEmirates News Agency (WAM)
(MENAFN - Emirates News Agency (WAM)) The UAE is dedicated to fulfilling the financial gap in the health sector of the Syrian refugee population in order to meet their basic humanitarian and health ...

more...


 






Google

Internatinal Property Show

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help