(MENAFN- Arab Times) Kuwait stocks slumped 0.34 percent lower to finish at 6,258 points in the red. The weighted index crept 0.5 points higher to 424 points as the market breadth closed with mostly low red indices in low activity ahead of the holy month of Ramadan.
A total volume of 98.11 million shares were transacted in 2,587 trades to the value of KD 13 million. The KSE benchmark positioned itself at 1,029 points in the green. Of the 122 counters that remained open, only 29 advanced, while 48 declined and 45 closed flat.
Al-Qurain Holding Co led the pack of gainers with a 8.3 percent change to a 13 fils share price that moved 2.3 million shares in volume. United Projects for Aviation Services Co followed closely with a 6.9 percent climb to 620 fils with a low 200 shares traded. Dulaqan Real Estate Co moved 4.35 percent higher to 240 fils and Kuwait Medical Services Co also made a 4 percent advance to 39 fils. Meanwhile, Acico Industries Co, posted a 3.13 percent increase to 330 fils.
Sanam Real Estate Co, in contrast fell to 52 fils, facing a 8.77 percent hurtle down to the red. Al-Massaleh Real Estate Co also slumped down to 65 fils casting off 7.14 percent of its previous share price. Al-Safat Energy Holding, in the meantime, slipped 5.13 percent lower to 18.5 fils and Credit Rating & Collection lost 5 percent of its price, ending up at 47.5 fils. Livestock Transport & Trading Co stood at 114 fils at the day's close with a 5 percent contraction.
Robust
Al-Madina For Finance And Investment Co was the top traded stock in terms of sheer volume with an activity of 8.23 million shares on the floor at 51 fils. Alimtiaz Investment Group also marked a robust turnover of 8.21 million shares while 6.5 million of Al Dar National Real Estate Co's shares exchanged hands and Manazel Holding traded a sturdy 6.3 million shares followed by Investors Holding Group Company trading 5 million shares at a flat 32 fils.
Telecommunications closed at 622.86 points in the red with a 0.81 percent sprawl. Mobile Telecommunications Company - Zain slid 5 points lower to 435 fils and traded 1.85 million in volume for a value of KD 811,278 while Kuwait Telecommunication Company - Viva steady at 930 fils, exchanged a volume to 277,649 shares for KD 259,456. National Mobile Telecommunications Company took a 20 point upswing to KD 1.260 while Hits Telecom Holding Company edged 0.5 points lower to 30.5 fils.
Banking Sector closed below the red line at 983 points with a 0.6 point fall. National Bank of Kuwait pulled 10 points higher to close at 860 fils trading 1.4 million shares for a value of KD 1.19 million while Warba Bank ebbed 2 points lower to 224 fils after trading 3.37 million shares in the session, Kuwait Finance House sprung 10 points higher to close at 650 fils while Gulf Bank fell 5 points lower to 270 fils on trading 1.25 million shares on the floor. Boubyan Bank closed at an unchanged 430 fils while Al Ahli Bank of Kuwait took a 5 point upswing to 375 fils.
Kuwait International Bank and Ithmaar Bank both closed flat at 244 fils and 45.5 fils respectively. Commercial Bank of Kuwait took a 10 point tumble down to 610 fils at the day's close while Burgan Bank remained unchanged at 435 fils.
In Financial Services, Kuwait Projects Company Holding (KIPCO) closed at a stable 630 fils while exchanging a volume of 1.37 million shares for KD 854,122 and Alimtiaz Investment Group also closed flat at 74 fils at the day's end. Al Madina for Finance and Investment crawled 1 point higher to 51 fils and Manazel Holding also managed a 1 point rise to 47.5 fils.
Flat
Gulf Finance House, remained unchanged at 60 fils exchanging 4.4 million shares on the floor while Al Aman Investment Company made a 1 point increment to 70 fils. Coast Investment and Development Company skid 2 points lower to 55 fils and Boubyan International Industries Holding Co edged 1.5 points lower to 49.5 fils. Meanwhile National Industries Group and Al-Salam group holding co closed flat at 170 fils and 50 fils respectively.
The Real Estate sector closed with mostly red indices, falling points lower to points.
Mabanee Company took a 10 point plummet to 970 fils while Munshaat Real Estate Projects Company shed 3 points to close at 99 fils and traded a volume of 2,5 million shares in the session. Al Dar National Real Estate Co slithered 0.5 points lower to 30.5 fils, exchanging 6.5 million shares while Investors Holding Group Company closed flat at 32 fils.
The Commercial Real Estate Company and Sokouk Holding Co both took a 1 point fall to 85 fils and 58 fils respectively while having traded 1.3 million shares and 1.5 millions in the day.
Al-Massaleh Real Estate Co fell by 5 points to 65 fils and Al Mazaya Holding Company took a 2 point turn to the green with a 188 fils close.
The Oil and Gas Sector closed at 914 points in the red with a 3.2 points change. Al-Safat Energy Holding trailed 1 point lower to 18.5 fils while trading a robust 2.5 million shares and Gulf Petroleum Investment closed flat at 70 fils. The Energy House Holding Company made a 2 point descent to 78 fils while Ikarus Petroleum Industries Co shifted 2 points higher for a 144 fils finish.
In the Industrial sector, Agility The Public Warehousing Company retreated 10 points back to 720 fils and Equipment Holding Co closed flat at 76 fils. In consumer goods, Mezzan Holding Co stood firm at KD 1.020 while Kuwait Food Company (Americana) took a 40 point leap to KD 2.860.
In Consumer services, Al Rai Media Group made a 2 point hike to 128 fils and Kout Food Group closed flat at 680 fils. In the technology sector, Hayat Communications closed 1 point higher to 54 fils and Future Communications Co Global closed at 118 fils in the green.
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