Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Small-cap shares dominate Kuwait stock market  Join our daily free Newsletter

MENAFN - Kuwait News Agency (KUNA) - 25/08/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Kuwait News Agency (KUNA)) The traders' growing interest in small-capitalization stocks was the main driver of Kuwait stock market since the start of 2014 amid remarkable drop in trading on large-cap stocks due to the lack of catalysts, concurred several financial analysts.

In separate interviews with KUNA, the analysts said some portfolios and investment funds focus on small to med-cap shares have helped the market achieve some gains even with the low activity of large-cap stocks.

"The majority of investors have been focusing on small-cap stocks, whose value is below 100 fils each, since the beginning of the year. Now, they are showing even great interest in the micro-cap ones, whose value is below 50 fils," Financial Analyst Mohammed Al-Tarrah told KUNA.

"This is because of its low price and fast circulation pace." Financial analyst Adnan Al-Dulaimi echoed a similar view.

"It is very clear that the small-cap stocks are dominating the market," Al-Dulaimi told KUNA.

"For example, in today's Sunday's session, over 90 percent of the trading was on small and med-cap stocks and the remaining was on lage-cap ones." "This shows that small-cap stocks are very popular among investors in Kuwait stock market," he said.


Meanwhile, Financial Analyst Hamad Al-Shammari said the Kuwaiti stock market is dominated by speculation rather than serious investment based
on firms performance.

"The growing speculative behavior and the lack of technical catalysts pushed many of market makers to depart to rival Gulf markets," Al-Shammari told KUNA.

"Though the small-cap stocks are the now backbone of the market, the movements of large-cap stocks are most significant for the market." Kuwait Stock Exchange ended Sunday's trading on mixed board, with the price index in the green zone as it reached 7,392.18 points, gaining 41.84 points.

However, the weighted index stood at 492.45 points, losing 1.99 points and the KSX 15 reached 1,202.86 points, shedding 10.13 points.

Number of trades reached 5,337, while the total value of shares was KD 21,245,072.589 with a volume of 269,686,639.

Top gainers were (HUMANSOFT), (PEARL), (GPI), (FLEX) and (SECH). Top volume stocks were (GFH), (ABYAAR), (ALMADINA), (SENERGY) and (GPI).

 


Kuwait News Agency (KUNA)




  MENA News Headlines
 Aug 29 2016 - Middle East's Leading Supplier of Aggregates and Asphalt Chooses ORION ERP Suite to Consolidate its Country OperationsMENAFN Press
(MENAFN Press) After the recent acquisition of six companies in the United Arab Emirates, Oman and Qatar, Middle East's leading supplier of aggregates and asphalt has chosen 3i Infotech's flagship ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - New report defines world-class apprenticeships as those rooted in sector skills, knowledge and progression to employmentMENAFN Press
(MENAFN Press) A new report has been released in the Middle East from the University of Derby, supported by Pearson, which looks at some of the world's most heralded apprenticeship systems. The ...

 Aug 29 2016 - Trend Micro 1H Security Roundup Report Showcases Evolution of Ransomware and BEC ScamsMENAFN Press
(MENAFN Press) Dubai, United Arab Emirates As Trend Micro predicted, 2016 has proven to be a year of online extortion through various malicious attack methods. Trend Micro Incorporated (TYO: 4704; ...

 Aug 29 2016 - Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language TeachersMENAFN Press
(MENAFN Press) Learningonline.xyz Supports UN Global Goals for Quality Education with its Online TESOL Program for Language Teachers The Global Goals for Quality Education are vital for the ...

 Aug 29 2016 - UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for ObamaMENAFN Press
(MENAFN Press) UN's Ban Ki Moon urged to listen to Northern Provincial Council leaders & not to Colombo based MP's: Tamils for Obama NEW YORK, USA, August 29, 2016 /EINPresswire.com/ -- Tamils ...

 Aug 29 2016 - Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022MENAFN Press
(MENAFN Press) Industrial Robotic Software Market - Structure, Size, Trends, Analysis and Outlook 2016-2022 Robotic software is an important component of industrial robotic system and plays a core ...

 Aug 29 2016 - Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are HurtingMENAFN Press
(MENAFN Press) Sonbranch Music Releases Restored, Delivering Music of Healing and Comfort to Those Who Are Hurting ORANGE COUNTY, CA, UNITED STATES, August 28, 2016 /EINPresswire.com/ -- Sonbranch ...

 Aug 29 2016 - Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker SystemMENAFN Press
(MENAFN Press) Indagem Tech Launches Indiegogo Campaign to Fund Mobile Security Lost-Item Tracker System UMS HomeShield Monitoring anything UMS HomeShield Track anything UMS HomeShield Smart ...

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