Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- KSE ends the week trading on positive note  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 24/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) Kuwait Stock Exchange (KSE) ended the week trading in the green zone with variance in the gains made by its main indices, a specialized economic report showed Saturday.

The report, by Bayan Investment Company, stated that the Price Index closed at 7,350.34 points, up by 1.61 percent from the week before closing, the Weighted Index increased by 1.07 percent after closing at 494.44 points, whereas the KSX-15 Index closed 1,212.99 points up by 0.65 percent.

Furthermore, last week's average daily turnover increased by 8.33 percent, compared to the preceding week, reaching K.D 21.72 million, whereas trading volume average was 226.35 million shares, recording an increase of 28.33 percent.

The stock market indicators were able to realize gains for the fourth consecutive week, in light of the active purchasing trend that included many of the listed stocks, especially the small-cap ones, and the companies that realized growth in its semi-annual financial results when compared with the same of last year, among an optimism state controlled the traders, especially after the decrease in the number of the banned companies from trading, which were not able to disclose its results, whereas the number of the banned companies reached 9 only.

In addition, the traders' concentration on the small-cap and mid-cap stocks during the last week's activity lead to a state of peace and quiet on the large-cap and the blue-chip stocks, which affected the performance of the Weighted Index and KSX-15 Index, that measure such stocks performance.

Moreover, the stock market witnessed during last week a return to the speculative operations to affect the trading direction, however was positive on the stock market indicators, especially the Price Index which was able to break the 7,300 point level for the first time in more than two months.

For the annual performance, the price index ended last week recording 2.64 percent annual loss compared to its closing in 2013, while the weighted index increased by 9.18 percent, and the KSX-15 13.53 percent growth.

All of KSE's sectors ended last week in the green zone except for one sector. Last week's highest gainer was the Oil & Gas sector, achieving 4.80 percent growth rate as its index closed at 1,253.76 points. Whereas, in the second place, the Financial Services sector's index closed at 1,016.70 points recording 2.96 percent increase. The Basic Materials sector came in third as its index achieved 1.64 percent growth, ending the week at 1,234.35 points.

The Insurance sector was the least growing as its index closed at 1,188.40 points with a 0.61 percent increase. On the other hand, the Consumer Services sector was last week's only loser as its index declined by 0.30 percent to end the week's activity at 1,151.43 points.

The Financial services sector dominated total trade volume during last week with 592.84 million shares changing hands, representing 52.38 percent of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 21.76 percent of last week's total trading volume, with a total of 246.24 million shares.

On the other hand, the Financials Services sector's stocks were the highest traded in terms of value; with a turnover of K.D 36.25 million or 33.38 percent of last week's total market trading value. The Banking sector took the second place as the sector's last week turnover was K.D 20.08 million represented 18.48 percent of the total market trading value.

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Feb 28 2015 - Abu Dhabi's economy to remain strong in 2015MENAFN
(MENAFN) Abu Dhabi's economy will remain resilient and its fiscal policy will stay prudent and flexible over the next two years despite the depressed oil price scenario, Khaleej Times ...

 Feb 28 2015 - Sudan explores investment opportunities for Saudi investorsMENAFN
(MENAFN) A high-level Sudanese delegation headed by Investment Minister Mustafa arrived to explore investment opportunities for Saudi investors in Sudan, Arab News reported.Trade exchange between the ...

 Feb 28 2015 - Qatar's PPI down 10.6 percent in December 2014MENAFN
(MENAFN) The Qatari Ministry of Development Planning and Statistics (MDPS) said Producer Price Index (PPI) decreased 10.6 percent last December month-on-month, QNA reported.The index decreased 28.9 ...

 Feb 28 2015 - 'Jihadi John' killer from Islamic State beheading videos unmasked as LondonerThe Peninsula
(MENAFN - The Peninsula) The masked "Jihadi John" killer who fronted Islamic State beheading videos has been identified as Mohammed Emwazi, a British computer programming graduate from a well-to-do ...

 Feb 28 2015 - Banksy Goes Undercover To Make Gaza FilmThe Peninsula
(MENAFN - The Peninsula) Banksy has released a video of a satirical travel advert for Gaza after travelling to the area undercover.The film, posted on the elusive artist's website, appears to show ...

 Feb 28 2015 - World champion Cairoli tops Qatar qualifyingThe Peninsula
(MENAFN - The Peninsula) Defending champion Antonio Cairoli brought delight to his KTM camp last night by topping the time charts in the season's first official qualifying session of the 2015 FIM ...

 Feb 28 2015 - Cricket: UAE bat against India in World CupThe Peninsula
(MENAFN - The Peninsula) United Arab Emirates captain Mohammad Tauqir won the toss and decided to bat in the World Cup Pool B game against India at the WACA Ground on Saturday.In announcing his ...

 Feb 28 2015 - Turkey, US to begin training Syria rebels from SundayThe Peninsula
(MENAFN - The Peninsula) The United States and Turkey will begin training and equipping thousands of moderate Syrian rebel forces on Sunday as part of a deal the two NATO allies signed last week, an ...

 Feb 28 2015 - Italian MPs approve Palestinian resolutionThe Peninsula
(MENAFN - The Peninsula) Italian lawmakers yesterday backed a non-binding resolution that encourages the government to recognise Palestine as a state, a move that underlines European frustration over ...

 Feb 28 2015 - Lebanon-born Syrian refugees risk stateless issueThe Peninsula
(MENAFN - The Peninsula) Syrian refugee Yasmine Khalaf lies next to her day-old daughter Israa in a Lebanese hospital, worrying that her tiny newborn risks life without a legal identity. Israa, ...

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