(MENAFN- Arab Times) Kuwait stocks headed north on Sunday extending the gains to fourth straight session. The price index climbed 52.77 points to 6,651.44 pts as sentiment was buoyed by the uptick in oil prices during last week. Some of the mid and small caps shined whereas blue chips closed mixed.
The KSX 15 measure rose 3.76 pts to 1,081.33 points taking the month's gains to 20 pts whereas weighted index inched 1 points up. The volume turnover meanwhile surged past the 400 million mark to hit the month's highest level. 444.93 million shares changed hands - a 54.72 pct spike from the last session.
The sectors closed mostly in the positive zone. Real estate outshone the rest with 1.66 percent upswing whereas consumer services shed 0.33 percent, the biggest loser of the day. Volume wise, financial services accounted for the highest market share of 41.71 pct while real estate and oil and gas followed with 26.94 percent and 9.38 pct contributions respectively.
Among prime movers, sector bellwether National Bank of Kuwait climbed 10 fils to KD 0.900 recouping the losses on last session and investment conglomerate KIPCO too was up by same measure to wind up at KD 0.710. National Industries Group took in 2 fils and is trading 4 fils up from start of the month.
Zain was unchanged at KD 0.550 after vacillating in a tight range while Wataniya Telecom slumped 60 fils with razor thin volume. Agility retreated 10 fils to KD 0.760 after trading 1.4 million shares and is up 20 fils so far during the month.
Close
KGL Logistics Co took in 2 fils to close at KD 0.104 and Kuwait and Gulf Links followed suit. The company has clocked a net loss of KD 1.160 million and loss per share of 4.39 fils in the first six-months of the year as against net loss of KD 866,919 and loss per share of 3.28 fils in the first half of 2013.
The market opened firm and edged higher in early trade. The main index failed to hold on to the gains and retreated slightly before trading sideways as sentiment turned brittle. It saw an uptick in the final minutes and closed with strong gains.
Top gainer of the day, Gulf Finance House rallied 10.2 pct to 27 fils and the counter also saw the highest volume of over 68 million while Pearl of Kuwait Real Estate Co slid 11.54 percent, steepest decliner of the day.
Al Salam Group Holding , the second best performer of the day, climbed 8.62 percent. The company has posted a net profit of KD 2.733 million and earnings per share of 10.65 fils in the nine-months period ending Sept 30, 2014 as compared to KD 162,640 profit and earnings per share of 0.63 fils in the same period of 2013.
Mirroring the day's gains, market spread was skewed towards the winners. 84 stocks advanced whereas 28 closed lower. Of the 136 counters active on Sunday, 24 closed flat. 8360 deals worth KD 29.84 million were transacted - a 4.96 pct rise in value from the day before.
Gulf Cable climbed 10 fils to KD 0.670 and Boubyan Petrochemicals Co was up by same measure to close at KD 0.590. Kuwait Packing Materials Manufacturing Co jumped 20 fils and Kuwait Food Co (Americana) rebounded 20 fils to close at KD 2.700.
City Group rose 5 fils to KD 0.425 after trading in red earlier in the session while ALAFCO and Equipment Holding Co dialed up 2 fils each. ACICO Industries Co was flat at KD 0.300 whereas Metal and Recycling Co inched 1 fils lower.
Advanced Technology Co shed 10 fils and Kuwait Foundry Co too was down by same measure. The company has logged a net profit of KD 2.26 million and earnings per share of 14.74 fils in the first nine-months of 2014, as against KD 2,13 million profit and earnings per share 13.9 fils in the first nine months of 2013.
Mabanee Co was down 10 fils a KD 0.980 and Mazaya Holding inched 2 fils up. The company has clocked a net profit of KD 5.66 million and earnings per share of 9.14 fils in the January-September period of 2014 as against KD 826,529 net profit and earnings per share of 1.33 fils in the first nine months of 2013.
Dropped
United Projects Group dropped 10 fils and Mashaer Holding gave up 6 fils to close at KD 0.140. Jazeera Airways slipped 10 fils to KD 0.440 after trading over 4 million shares.
In the banking sector, Gulf Bank of Kuwait was flat at KD 0.305 and Commercial Bank too did not budge from its earlier close of KD 0.620. Al Ahli Bank rose 5 fils to KD 0.405 whereas Ahli United Bank dropped 10 fils.
Kuwait International Bank was flat at KD 0.260 while Burgan Bank gave up 5 fils to close at KD 0.475. Kuwait Finance House paused at KD 0.760 and Boubyan Bank was up 5 fils at KD 0.460.
Kuwait Financial Centre and Bayan Investment Co were down 4 fils each at 110 fils and 106 fils respectively whereas National Investments Company held steady at KD 0.150. Sokouk Holding Co took in 2 fils and Noor Financial Investment Co followed suit. The bourse was largely positive during last week. It closed higher in four of the five sessions and rallied 107 points week-on-week. It has gained 115 pts from start of the month after shedding 13.43 pct during whole of 2014. KSE, with 213 listed companies, is the second largest bourse in the region.
In the bourse related news, Hilal Cement Co has recorded a net loss of KD 282,090 and loss per share of 4 fils in the January-September period as compared to net profit of KD 276,924 and earnings per share of 4 fils in the year before period.
Aayan Real Estate Co has registered a net profit of KD 2.58 million and earnings per share of 6.5 fils in the January-September period as soaring from net profit of KD 1.77 million and earnings per share of 4.5 fils in the first nine months of 2013.
Investors Holding Group has logged a net loss of KD 4.55 million and loss per share of 4.26 fils in the nine-month period ending Sept 30, 2014 as against a net loss of KD 238,309 and loss per share of 0.22 fils in the same period last year. Al-Shamel International Holding has recorded a net profit of KD 131,963 and earnings per share of 2.83 fils in the January-September period as against KD 626,750 profit and earnings per share of 9.32 fils in first nine-months of 2013.
Kuwait Building Materials Mfg has recorded a net profit of KD 491,332 and earnings per share of 16.2 fils in the first nine months of 2014 as compared to KD 408,953 profit and earnings per share of 13.5 fils in the same period of 2013.
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