Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Bourse ends mixed buoyed by optimism state  Join our daily free Newsletter

MENAFN - Arab Times - 06/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the various zone. The Price Index closed at 7,572.47 points, down by 0.16% from the week before closing, the Weighted Index increased by 1.64% after closing at 494.69 points, whereas the KSX-15 Index closed at 1,214.24 points up by 1.71%. Furthermore, last week's average daily turnover increased by 2.93%, compared to the preceding week, reaching K.D 33.86 million, whereas trading volume average was 215.11 million shares, recording increase of 12.95%



In addition, the Weighted Index and KSX-15 Index continued its gains for the third consecutive week, supported by the optimism state that is controlling many of the traders during this period, and pushed them to execute a wide purchasing operations, concentrated on the listed leading and operational stocks, which positively affected both indices, especially the KSX-15 Index, that continued to realize record numbers supported by the noticeable increases gained over the last three weeks. On the contrary, the Price Index went against the current, ending the weekly trading in the red zone, affected by the profit collection operations that were performed on the small-cap stocks, and concentrated on the stocks of previous gains



Moreover, last week witnessed the end of the legal disclosure period given for the listed companies to disclose their 2013 financial results, where most of the companies announced theirs, and very limited number of companies' stocks were stopped for not announcing their results, which enhanced the market optimism state. For the annual performance, the price index ended last week recording 0.30% annual profit compared to its closing in 2013, while the weighted index increased by 9.24%, and the KSX-15 recorded 13.65% growth



Sectors' Indice

Five of KSE's sectors ended last week in the green zone, while the other seven recorded declines. The Banking sector headed the gainers list as its index grew by 1.50% to end the week's activity at 1,129.63 points. The Basic Materials sector was second on the gainer's list, which index increased by 1.26%, closing at 1,178.50 points, followed by the Consumer Goods, as its index closed at 1,275.09 points at an increase of 0.99%. The Telecommunications sector was the least growing sector as its index closed at 869.47 points with a 0.51% increase. On the other hand, the Technology sector headed the losers list as its index down by 1.76% to end the week's activity at 1,018.89 points. Follow by Insurance as its index down by 1.08% to end the week's activity at 1,116.19 points. The Health Care sector the least declining sector as its index closed at 1,119.49 points with a 0.40% decrease



Sectors' Activit

The Financial Services sector dominated total trade volume during last week with 454.22 million shares changing hands, representing 42.23% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 27.97% of last week's total trading volume, with a total of 300.78 million shares. On the other hand, the Banking sector's stocks were the highest traded in terms of value; with a turnover of K.D 54.82 million or 32.38% of last week's total market trading value. The Financial Services sector took the second place as the sector's last week turnover was K.D 37.99 million represented 22.44% of the total market trading value

 


Arab Times




  MENA News Headlines
 May 30 2015 - Etihad Airways profits double to USD73m in 2014MENAFN
(MENAFN) Etihad Airways said its profit rose by more than half to USD73 million last year as it carried more passengers and used its stakes in other airlines, Arab News reported.The government-backed ...

 May 30 2015 - Saudi's SAMA net assets down to USD678.8b in AprilMENAFN
(MENAFN) Net foreign assets at Saudi Arabian Monetary Agency fell to USD678.8 billion in April, down by USD11.8 billion or 1.7 percent from March, Arab News reported.Assets dropped 6.8 percent from a ...

 May 30 2015 - Oman to invest USD7b in Indonesia projectMENAFN
(MENAFN) Oman has committed to invest USD7 billion to build oil storage facilities, a petrochemical plant and a refinery in Indonesia, Arab News reported.Oman also agreed to supply crude oil to the ...

 May 30 2015 - Qatar- Preparations for 2022 World Cup to continueThe Peninsula
(MENAFN - The Peninsula) Qatar yesterday defended its successful bid for the 2022 Fifa World Cup and said it was moving forward with preparations to host the event. Qatar will "cooperate fully with ...

 May 30 2015 - IS seizes control of airport in Libya's Sirte: Tripoli govtThe Peninsula
(MENAFN - The Peninsula) The Islamic State jihadist group has seized control of the airport in the city of Sirte after forces of a Tripoli-based Libyan government withdrew, a spokesman said Friday. ...

 May 30 2015 - 4 dead as Saudi 'foils' attack on Shiite mosque: ministryThe Peninsula
(MENAFN - The Peninsula) A car blast outside a Saudi mosque during Friday prayers killed four people, including its driver, in an attack that was "foiled" by the authorities, the interior ministry ...

 May 30 2015 - Iraq- 85,000 flee Ramadi since IS capture: UNThe Peninsula
(MENAFN - The Peninsula) Around 85,000 people have fled Ramadi since the Islamic State group captured the Iraqi provincial capital two weeks ago, the UN said Friday, warning that Iraqi authorities ...

 May 30 2015 - IS bombs second Saudi Shiite mosque, killing 3The Peninsula
(MENAFN - The Peninsula) An Islamic State jihadist killed three people Friday when he blew himself up in a car outside a Shiite mosque in Saudi Arabia, the second such attack in a week. The bombing, ...

 May 30 2015 - Huthi rebels kill Yemen capital's governor: relativesThe Peninsula
(MENAFN - The Peninsula) Yemen's Shiite Huthi rebels have killed the capital's governor in clashes that erupted during an attempt to detain him, his relatives said Friday. Sanaa governor Abdulghani ...

 May 30 2015 - Yemen's Saleh says Saudi offered him 'millions' to fight HuthisThe Peninsula
(MENAFN - The Peninsula) Yemen's ex-president Ali Abdullah Saleh said in an interview broadcast Friday he had rejected "millions of dollars" Saudi Arabia offered him if he stood up to the Shiite ...

more...


 






Google

Click to Apply

 
 

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