(MENAFN- Arab Times) Kuwait stocks headed north on Monday extending the gains to second straight session. The price index rose 14.54 points in lackluster trade to 5758.82 pts helped by modest gains by select shares. Some of the mid and low caps too shined even as investors await positive cues.
The KSX 15 gauge edged 1.26 pts higher to 934.02 points trimming the month's losses to 85 pts while weighted index closed over 1 pts up. The volume turnover meanwhile rose marginally after clocking a strong surge in the last session. 128.9 million shares changed hands € a 5.49 pct rise from Monday.
The sectors closed mixed. Industrials outperformed the rest with 0.82 pct gain whereas telecommunications slid 1.74 percent, the biggest loser of the day. In terms of volume, financial services garnered the highest market share of 32.82 pct while real estate and banks stood next with 24.40 pct and 19 percent contributions respectively.
In the individual shares. National Bank of Kuwait climbed 10 fils to KD 0.800 taking the month's gain to 30 fils and Commercial Bank of Kuwait too was up by same measure with a volume of 14 million. Kuwait Food Co ( Americana) tumbled 100 fils and Gulf Insurance Co jumped 30 fils.
Telecom major Zain fell 5 fils to KD 0.395 after trading 6.2 million shares and Wataniya Telecom (Ooredoo) was down 20 fils at KD 1.000. Kuwait Telecommunications Co ( VIVA) shed 20 fils and Agility was up 10 fils at KD 0.580 with a volume of 1.3 million.
KIPCO was flat at KD 0.590 off early lows and Kuwait Investment Company dialed up 2 fils. The company has registered a net profit of KD 2.53 million and earnings per share of 4.619 fils in the six-month period ending June 30, 2015 down from KD 5.22 million profit and earnings per share of 9.541 fils in the first six-months of 2014.
The market opened on tame note and moved sideways in early trade. The bourse rose briefly and drifted lower as sentiment remained dull and bottomed at 5737.6 pts in the final minutes. It however clawed back into the green territory at close.
Top gainer of the day, Humansoft Holding Co spiked 7.69 pct while Ithmar Bank rallied 6.25 percent to stand next. Kuwait Real Estate Co ( Al Aqaria) slumped 7.6 percent, the steepest decliner of the day and Commercial Bank of Kuwait topped the volume with 14 million shares.
Mirroring the day's gains, the winners outnumbered the losers. 49 stocks advanced whereas 35 closed flat. Of the 136 counters active on Monday, 52 closed flat. 3191 deals worth KD 128.82 million were transacted € a 74.29 pct surge in value from the day before.
National Industries Group, the flagship company of Kharafi Group vacillated in a tight range before closing flat at KD 0.148 with a volume of over 2 million and RISCO gave up 5 fils. Kuwait Portland Cement climbed 20 fils and Boubyan Petrochemicals Co added 10 fils.
ACICO Industries and Equipment Co were unchanged at KD 0.295 and 61 fils respectively while NICBM pulled 8 fils lower. The Energy House fell 2.5 fils and Kuwait National Cinema Co held steady at KD 1.000.
Surge
ALAFCO rose 6 fils to KD 0.218 and Jazeera Airways gained 10 fils. The carrier has posted a 27.1 pct year-on-year surge in H1 net profit to KD 6.2 million while second quarter net profit reached KD 3.2 million € an increase of 14.2 percent from the same period last year.
Zima Holding inched 1 fils up whereas City Group Company paused at KD 1.000. The company has posted a net profit of KD 3.56 million and earnings per share of 31.51 fils in the January-June period of 2015 as against net profit of KD 2,85 million and earnings per share of 25.29 fils in the same period last year.
Kuwait Gulf Link Transport Co was unchanged at 45 fils and KGL Logistics followed suit. United Projects Group held steady at KD 0.770 and Mashaer Holding clipped 2 fils.
National Investment Co eased 2 fils to 114 fils while Securities House Co and Bayan Investment Co paused at 50 fils and 39 fils respectively. Sokouk Holding inched 0.5 fils higher and KMEFIC was up 1.5 fils at 32 fils.
Osoul Investment slipped 2.5 fils to 43 fils and Noor Financial Investment was flat at 62 fils. Al Qurain Holding Co paused at 8 fils and Mezzan Holding Co followed suit. Kuwait National Cinema Co was unchanged at KD 1.00 off early lows and Mabanee Co gained 20 fils.
In the banking sector, Kuwait Finance House stagnated at KD 0.580 off early lows and Burgan Bank followed suit. The banking group has recorded a net income of KD 37.4 million for the first half period of 2015 € a 12.3 percent growth from H1, 2014.
Gulf Bank was flat at KD 0.265 and Al Ahli Bank too did not budge from its earlier close of KD 0.320 Ahli United Bank rose 10 fils to KD 0.530 Kuwait International Bank dialed down 2 fils to settle at KD 0.236. Boubyan Bank held steady at KD 0.405. Warba Bank took in 2 fils.
The bourse has been trending higher so far during the week and has gained 45 points in last two sessions. It has shed 63 points from the start of the month and is trading 11.89 pct lower year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region.
In the bourse related news, Kuwait Real Estate Company has registered a net profit of KD 2.39 million and earnings per share of 2.64 fils in the first six-months of 2015 as against net profit of KD 3.49 million and earnings per share same of 3.86 fils in the same period last year.
Gulf Cement Company has posted a net profit of KD 2.45 million and earnings per share of 0.003 fils in the first half of 2015, down from KD 3.36 million net profit and earnings per share of 0.004 fils in the same period last year.
Al Dar National Real Estate Co has incurred a net loss of KD 132,850 and loss per share of 0.32 fils in the six-month period ending June 30, 2015 as against net profit of KD 761,352 and earnings per share of 1.85 fils in the same period of 2014.
Metal and Recycling Co has incurred a net loss of KD 126,449 and losses per share of 2.48 fils in the January-June period of 2015 as compared to net profit of KD 615,409 and earnings per share of 6.76 fils in 2104, H1.
Aayan Leasing and Investment Company has clocked a net profit of KD 5.42 million and earnings per share of 6.76 fils in the six-months period ending June 30, 2015, down from net profit of KD 8.88 million and earnings per share of 11.07 fils in the H1 of 2014.
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