Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait- Total liquidity soars 88 pct to KD118 mln  Join our daily free Newsletter

MENAFN - Arab Times - 23/07/2011

No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times) The KSE Price Index and Weighted Index ended the week negatively. The KSE Price Index closed at 6077.9, down -1.47% from the previous week's closing. The KSE Weighted Index ended this week at 423.2, down -1.91% from the previous week's closing.

The total liquidity of the market this week rose to 118 Million KD, up 88% compared to the previous week. The Banking Sector as usual had the liquidity concentration as it accounted for over 44% of the total traded value of the market. The Service Sector accounted for 22.31% of the market's liquidity this week. The least traded sector as usual was the insurance sector as it accounted for only 0.02% of the markets liquidity this week.
The KSE Price Index dropped under the 6,000 level this week for the first time since back in 2004. Heavy selling pressures has hit all the market indices last week with the Banking Sector alone dropping 2%. In a technical view their might be a chance for a rebound the next week as most stocks and the index it self is over sold.

Financial News Brief
Agility Public Warehousing Co. has been awarded a contract to manage the international freight and on-site handling services for FESPA Digital 2012 exhibition. The top industry event, which gathers wide format print community, will be held at the Fira de Barcelona Gran Via Exhibition Centre in Barcelona from February 21-24, 2012. (Mubasher)
Kuwait Stock Exchange (KSE) announces receiving the following clarification from Mobile Telecommunications Co. (Zain):
With reference to our letter dated 14/6/2011, kindly note that Zain Group has received a notification from Zain KSA. The Saudi arm reported entering into a non-binding term sheet on 19/7/2011 with the consortium of Kingdom Holding Co. (KHC) and Bahrain Telecommunications Co. (Batelco). The consortium submitted a bid for Zain Group's 25% stake in Zain KSA, which had been approved by Zain Group. The term sheet comprises the terms and provisions for the proposed acquisition, including due diligence. Zain KSA's board initially approved the term sheet on 14/6/2011. Zain Group will inform KSE management of any relevant updates duly. (Mubasher)

Kuwait needs to increase government spending and support the private sector to overcome imbalances in its economy, the central bank governor said in an interview aired Tuesday. The country's "unilateral" dependence on oil and the government's control of all sectors are causing the main imbalances in the economy, Sheikh Salem Abdul-Aziz Al-Sabah told CNBC Arabia television. (Mubasher)

GCC Financial Markets
All of the GCC Financial Markets ended the week on a negative note. The Dubai Financial Market was the biggest decliner of all markets as its lost around -1.58% this week. The Kuwait Stock Exchange came second with a decline of -1.47%. The Saudi Stock Exchange was the least decliner this week after it lost only -0.3% of its value this week.


  MENA News Headlines
Apr 16 2014Air Arabia takes over as RAK official carrier ,MENAFN
(MENAFN) Air Arabia said that it will commence flights from Ras Al Khaimah (RAK) early next month, Arabian Business reported. The Sharjah-based carrier said that it will take over from RAK ...

Apr 16 2014Dubai Metro passengers hit 40.5m in Q1 ,MENAFN
(MENAFN) Passenger traffic on Dubai's Metro increased to more than 40.5 million in the January-March period of this year, Arabian Business repoted. The Roads and Transport Authority (RTA) said ...

Apr 16 2014Etihad, Fiji Airways ink codeshare deal ,MENAFN
(MENAFN) Etihad Airways and Fiji Airways have signed a codesharing agreement which allows reciprocal ticket sales between them, Arabian Business reported. Etihad said that the revenue from ...

Apr 16 2014Qatar's investments in infrastructure worth USD182.21 b ,MENAFN
(MENAFN) Qatar is planning to invest USD182.21 billion in infrastructure, avoiding projects in oil and gas sector, in the next five years, Minister of Economy and trade said yesterday, The Peninsula ...

Apr 16 2014Kuwait- GIC chief participates in ABANA Summit panel discussions ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Shafic Ali, head of the Principal Investments Group at Gulf Investment Corporation (GIC) late Tuesday participated in a panel discussion on (Emerging Trends in ...

Apr 16 2014Today in Kuwait's history ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) 1961 -- First edition of "Al-Rai Al-Aam" newspaper hit the stands. 1962 -- Kuwait joined the United Nations (UN) Commission on Narcotic Drugs. 1972 -- The Amir ...

Apr 16 2014EU voices concern over increase of terrorist attacks in Nigeria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) EU High Representative for foreign affairs and security policy Catherine Ashton late Tuesday "strongly condemned" the abduction of more than 100 school girls in ...

Apr 16 2014Reporters Without Borders says three more pressmen killed in Syria ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Three more journalists have been killed by gunfire in the Syrian town of Maaloula, north of the capital Damascus, press freedom organisation Reporters Without ...

Apr 16 2014Three-day Sports Media Seminar begins in Doha ,The Peninsula
(MENAFN - The Peninsula) A group photograph of Arab sports journalists seen with TV personality Saad Al Rumaihi, Mohammed Al Malki, President of Qatar Press Sports Committee (QPSC), at Marriott Hotel ...

Apr 16 2014Prisoner's freedom sought for abducted Jordan ambassador ,Arab News
(MENAFN - Arab News) Tripoli: jordan's ambassador to libya was kidnapped on tuesday by gunmen who demanded a radical militant be released from a jordanian jail in exchange for the diplomat's ...

Apr 16 2014Saudi- Qur'an contest to be held in Jeddah next month ,Arab News
(MENAFN - Arab News) The saudi society of the holy qur'an and its sciences (tibyan) is going to hold a qur'an contest involving 60 universities from the public and private sectors next month in ...

Apr 16 2014Saudi- Philippines participates in Riyadh Travel Fair ,Arab News
(MENAFN - Arab News) The riyadh travel fair kicks off here in the kingdom tower on tudesday.the philippines will be represented by the department of tourism (dot) representatives glenn raymond ...

Apr 16 2014Saudi- New arbitration center hailed by leading figures ,Arab News
(MENAFN - Arab News) Lawyers legal arbitrators and businessmen described the decision to establish a saudi commercial arbitration center which was approved by the council of ministers in its ...

Apr 16 2014Saudi- Prices of fruits vegetables in Jeddah rise ,Arab News
(MENAFN - Arab News) There has been a 50-percent increase in the price of fruits and vegetables over the past 10 days due to an imbalance in supply and demand said esmat abuzinada head of ...

Apr 16 2014Private schools urged to use fingerprint systems ,Arab News
(MENAFN - Arab News) A number of public schools have applied the biometrics attendance system on students in line with the ministry of education's new regulation.the new system electronically ...

Apr 16 2014Saudi- Exhibit to showcase 1000 paintings ,Arab News
(MENAFN - Arab News) Arabian wings (aw) will kick off fiesta 1000 a display of 1000 paintings in jeddah on thursday at the al-furusya yacht club. 'the project has received support from different ...

Apr 16 2014Saudi- Technology remains core criteria for university education ,Arab News
(MENAFN - Arab News) Technology has become a core component at higher education institutions said higher education minister khaled al-anqari on tuesday during the opening address of the fifth ...

Apr 16 2014Saudi- Sponsors to pay fines for illegals ,Arab News
(MENAFN - Arab News) The labor ministry on tuesday announced extra measures to stop illegal visa trade and streamline the labor market. a senior official said saudi sponsors involved in the ...

Apr 16 2014Mentally ill kills family of 4 before ending life ,Arab News
(MENAFN - Arab News) A sudanese man his wife and three children were found dead in their apartment in riyadh on monday the police said.'preliminary investigations showed that the 46-year-old head ...

Apr 16 2014'My Saudi posting was a blessing from God' ,Arab News
(MENAFN - Arab News) Outgoing indian consul general faiz ahmed kidwai who is leaving after serving here for three years says it was a 'blessing from god" to have had a posting in saudi arabia.in a ...


Click to Apply



Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Investment Game
Economic Calendar
Financial Glossary

Portfolio Tracker


Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help