Quotes: US 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

 






  MENA News Headlines
 Sep 2 2014 - Egypt military academy stampede kills 9Arab News
(MENAFN - Arab News) CAIRO Nine people were killed on Tuesday in a stampede outside a military academy in Egypt by relatives seeking to visit cadets the army said in a statement.The military released ...

 Sep 2 2014 - Attack on Egypt security convoy kills 11 in SinaiArab News
(MENAFN - Arab News) CAIRO: An attack on a convoy killed 11 members of the Egyptian security forces in the Sinai Peninsula on Tuesday security and medical sources said.Two were killed by a roadside ...

 Sep 2 2014 - UAE- Human League to perform in DubaiKhaleej Times
(MENAFN - Khaleej Times) The Human League bring their electro-pop back catalogue to Dubai New wave legends The Human League will bathe The Irish Village in synths for their show on Thursday September ...

 Sep 2 2014 - UAE- Ismail Matar backs Mahdis contract extensionKhaleej Times
(MENAFN - Khaleej Times) Matar hinted that het could be able to return to the pitch in two weeks time after covering half of the four-week period decided by the doctors for his recovery.Dubai: Al ...

 Sep 2 2014 - Dubai does well to curb thalassaemia in newbornsKhaleej Times
(MENAFN - Khaleej Times) Drop in the number of disease cases attributed to awareness campaigns screenings.The number of cases of thalassaemia in newborns in Dubai has drastically reduced due to the ...

 Sep 2 2014 - UAE- Umm Al Quwain offers 50 per cent off on traffic finesKhaleej Times
(MENAFN - Khaleej Times) The 50 per cent cut on pending fines includes unpaid fines for speeding and other traffic violations available till December 5.The UAQ Police are offering a 50 per cent ...

 Sep 2 2014 - UAE- Ajman launches online renewal of car registrationKhaleej Times
(MENAFN - Khaleej Times) The programme also provides the opportunity for public to renew their registration card without having to visit the traffic department.The Ajman Police on Monday launched its ...

 Sep 2 2014 - UAE- Cop accused of kidnapping raping womanKhaleej Times
(MENAFN - Khaleej Times) He drove her to a dark location near a construction site after offering a lift where he allegedly raped her.A cop has been charged in the Court of First Instance with ...

 Sep 2 2014 - UAE- Manager blackmails women staff for sex court hearsKhaleej Times
(MENAFN - Khaleej Times) Three women have complained against the 31-year-old man alleging that he had been constantly sexually harassing them.A Palestinian manager has been brought before the Court ...

 Sep 2 2014 - UAE- 22-year-old Indian found hanging from treeKhaleej Times
(MENAFN - Khaleej Times) Police patrols and paramedics were rushed to the spot who took down the body and transferred it to Al Dhaid Hospital for an autopsy.A 22-year-old Indian man was found hanging ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help