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 therice 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
 Jul 1 2016 - Qatar, Indonesia join forces in gas searchMENAFN
(MENAFN) Indonesia is seeking partnership with Qatari top firms such as Qatar Petroleum or RasGas for gas exploration on its land, based on recent reports.Indonesia already sees and realizes the ...

 Jul 1 2016 - UAE seeks for India to be top business partnerMENAFN
(MENAFN) India is forecasted to surpass Japan as the top export destination of the UAE by the year 2030, according to the latest reports.Japan and India stood at 11 percent and 6 percent respectively ...

 Jul 1 2016 - Omani Port of Salalah initiates new crucial line servicesMENAFN
(MENAFN) Oman's Port of Salalah, a key Arab Gulf region gateway port for the Arabian Sea, is going to have French-based CMA CGM, the world's third-largest container shipping line adding two new ...

 Jul 1 2016 - Qatar- Magnus Futsal win Intercontinental CupThe Peninsula
(MENAFN - The Peninsula) Magnus Futsal players and officials celebrate their win over Carlos Barbosa in the final of the Futsal Intercontinental Cup in Doha on Wednesday night. Picture by: Baher ...

 Jul 1 2016 - Qatar- FIFA officials laud fantastic tournamentThe Peninsula
(MENAFN - The Peninsula) Right: Action from the final between Magnus Futsal and Carlos Barbosa. Picture by: Baher Amin/The Peninsula DOHA: The Qatar Football Association (QFA) won rave ...

 Jul 1 2016 - Qatar- Futsal: QFA pleased with first edition of Intercontinental CupThe Peninsula
(MENAFN - The Peninsula) Players of Magnus Futsal celebrate their win in the final.  DOHA: Tournament Director Abdullah Alasai yesterday applauded his organisational team ‎on a job well ...

 Jul 1 2016 - Palestinian kills teen in West Bank home, shot dead: armyThe Peninsula
(MENAFN - The Peninsula) Friends and relatives of Israeli Hallel Yaffa Ariel, a 13-year-old girl who was fatally stabbed by a Palestinian attacker in her home, pray during her funeral in the Kiryat ...

 Jul 1 2016 - Ashghal opens new bridge at Izghawa interchange for commuters heading to Doha via north roadThe Peninsula
(MENAFN - The Peninsula) Doha: The Public Works Authority ‘Ashghal’ has opened a new bridge to traffic for commuters heading to Doha via the North Road Corridor. The new bridge is ...

 Jul 1 2016 - Qatar- Ministry shuts down tyre store for selling expired tyresThe Peninsula
(MENAFN - The Peninsula) A ministry official at the tyre shop. (Photo: Ministry) Doha: A tyre store, located on Salwa Road as well as Industrial Area, is closed for a month for storing and ...

 Jul 1 2016 - Qatar- Ooredoo offers new Philippine package for Hala subscribersThe Peninsula
(MENAFN - The Peninsula) Doha: Ooredoo has announced the launch of an exciting new Hala Pack which will provide Hala customers with great rates for calls to any number on the Globe Telecom network in ...

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

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