Live Currency Rates
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait benchmark closes 22.13 pts lower in muted trade  Join our daily free Newsletter

MENAFN - Arab Times - 26/07/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Arab Times) The Kuwait bourse wound up 0.38 per cent lower at 5,790.94 points in mid week trade with red indices plaguing most sectors with investors' focus on small to mid-caps. The index plunges to a new intraday level low since June 28, shedding 22.13 points in muted trade.

The weighted index eased 0.75 points down to 399.46 points. The KSE 15 benchmark slipped 1.74 points further to 965.98 points. A total of 2081 transactions were conducted today with a low KD 10.35 million in value traded over a modest 108 million in volume. 110 counters remained active today while only 26 stood to gain while 47 suffered losses and 37 closed flat.

National Bank of Kuwait stagnates at KD 1.000 for the fourth day after 1,173,035 shares change hands for a value of KD 1.16 million. NBK announced that it would increase its stake in Boubyan Bank to more than 58 percent but failed to secure full backing for its takeover of the Islamic lender. NBK last month offered to pay KD 0.63 per share for the 52.7 percent of Boubyan Bank.

Al Salam Group Holding Co climbed 10 points higher to 260 fils and traded 4.5 million shares with a 4 per cent increase from the previous session and 163 per cent flight on a year to date basis. Gulf Insurance Company up by 10 points closed at 510 fils and traded 110,000 shares while marking a 7 per cent decrease year to date.

Kuwait Medical Services Co pulled higher by 8.33 per cent to close at 65 fils and become the top gainer in terms of volume although only trading a volume of 50 shares. Kuwait Syrian Holding Co with a 7.81 per cent upswing to 138 fils traded 100 shares to follow in toe.

Yiaco Medical Co spurted a 6.58 per cent increase to 405 fils and Mena Real Estate Company finished at 33.5 fils and traded 200 shares to log a 6.35 per cent positive change. Automated Systems Company maneuvered a 5.43 per cent hike up to 485 fils after trading 6000 shares in the session.

On the downward bend, Wethaq Takaful Insurance Company slumped 9.09 per cent down to 50 fils, Palms Agro Production Co trailed down to 99 fils, 8.33 per cent lower and First Takaful Insurance Company contracted a 8.2 per cent reduction to close at 56 fils. Kuwait Foundry Co skid below 7.94 per cent to 290 fils while Kuwait Real Estate Holding Co slouched to 61 fils with a 7.58 per cent downturn.

National Industries Group extended losses, dipping 2 points lower to 192 fils with a 1.03% reduction from the previous session and 23 per cent tumble year to date. Mabanee Co plunged 40 points lower to KD 1.120 marking a 3.45 per cent reduction in price.

Kuwait Portland Cement Company tugged 20 points lower to close at 840 fils and Contracting and Marine Services Co shed 10 points to close 140 fils, 6.67 per cent lower than the previous trading session and 34 per cent less year to date.

International Financial Advisers closing at an unchanged 43 fils budged a volume of 18.68 million in trade while Gulf Finance House tagged along in stride with a 16.32 million exchange at 35 fils a piece.

National Ranges Company, down 5.13 per cent in price to 18.5 fils, traded 12.38 million shares on the floor while Al-Madina for Finance and Investment Co traded 10.36 million to close at a steady 51 fils.

Ithmaar Bank, joins the list of top volume trade with a number of 4.56 million traded to close 1.39 per cent lower at 35.5 fils. Gulf Bank scaled 5 point higher to 405 after opening at 400 and trading 935,750 shares for KD 375,278. Burgan Bank eases 5 points lower to 470 fils on opening at 475 fils high and trading 856,135 shares for 402,595.

Kuwait Finance House and Boubyan Bank remained unchanged at 700 fils and 610 fils respectively. Ithmaar Bank inched 0.5 points lower to 35.5 and traded 4.56 million shares for KD 161,542.

Kuwait Remal Real Estate Co drove 2 points higher to 355 fils and exchanged 2.6 million shares for a total value of 921,809 with its index recording a 1.43 per cent change from the previous trading session and 29 per cent higher year to date. The Real Estate sector closed 19.62 per cent lower in volume and 48.42 per cent higher in value than the day before.

Financial Services comprised 63.45 per cent of the total market volume and 44.17 per cent of the total market value today. Kuwait Projects Co (KIPCO) closed at a sturdy 360 fils, National Investments Co also remained unchanged its last close at 104 fils, as did International Finance Co at 92 fils and Al Aman Investment Co at 52 fils.

Ekttitab Holding Co clambered 1 point higher to close at 72 fils and Inovest peeked 0.05 points to 38 fils.

Mobile Telecommunication Co (Zain) remained unchanged at 700 fils, trading 714,750 shares for KD 493,366 while Hits Telecoms Holding Co clawed 1 point higher to close at 70 fils, exchanging over 2 million shares for KD 143,858.

Wataniya reported a 49 percent drop in second-quarter profit on Monday, hit by foreign exchange losses from its Algeria unit and increased domestic competition. Wataniya's shares have been suspended since late June when Qatar Telecom (Qtel) offered to buy the remaining 47.5 percent stake it does not already own in the Kuwaiti firm.

Jazeera Airways Co exchanged 226,050 shares for KD 88,510 at a rusty 400 fils. Agility Public Warehousing Co closed at 400 fils and traded 540,000 shares for KD 216,000.

In related news, Kuwait Financial Center (Markaz) recently released a semi annual review that upgraded the outlook on Kuwait from neutral to positive for the remainder of 2012 due to positive economic factors, increased earnings growth potential and a pick up in market liquidity.

 






  MENA News Headlines
Apr 24 2014Qatar- HH Sheikha Moza Meets Mayor of Kobe Visits RIKEN Research Institution ,Qatar News Agency
(MENAFN - Qatar News Agency) Kobe April 24 - Her Highness Sheikha Moza bint Nasser Chairperson of Qatar Foundation for Education Science and Community Development (QF) today held a meeting with the ...

Apr 24 2014Qatar- Sidra-BMC Event Boosts Biomedical Research Publishing ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - A symposium organised jointly by Sidra Medical Research Centre and BioMed Central (BMC) mulled trends in research and on open access publishing here ...

Apr 24 2014Qatar- Mannai Corp Q1 Net Profit up 73% to QR 150.1 Million ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Exchange listed Mannai Corporation (QE: MCCS) net profit is up 73% to QR 150.1 Million for the first quarter of fiscal year 2014 ending March 31 ...

Apr 24 2014Bahraini firms forecasted to grow 10 pct ,MENAFN
(MENAFN) In a report based on a study of over 650 companies across GCC, Kuwait Financial Centre (Markaz) forecasts a growth of the Bahraini companies' earnings by 10 percent in 2014, Gulf Daily News ...

Apr 24 2014Israeli Army Storms Deir Samit Village West of Hebron ,Qatar News Agency
(MENAFN - Qatar News Agency) bron April 24 - Israeli army forces stormed at dawn Thursday Deir Samit village southwest of Hebron city in the West Bank. The Israeli forces conducted raid and search ...

Apr 24 2014Qatar Airways to add more seats on Doha-Vienna route ,MENAFN
(MENAFN) Qatar Airways plans to offer more 1.700 seats on its Doha-Vienna route beginning from September 2014, according to Gulf News. The company aims to expand the growing passenger demand from ...

Apr 24 2014Qatar- QFC Authority Five-a-Side Football Tournament Kicks Off ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - Qatar Financial Centre (QFC) Authority's first Five-a-side Football Tournament is displaying dribbling skills of executives from Doha's financial ...

Apr 24 2014Qatar Stock Exchange Down 0.05% ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - The Qatar Exchange ended in the red area when trading closed Thursday at 12954.93 points (0.05%) down 6.63 points from the previous closing of 12961.56 ...

Apr 24 2014Georgian Justice Minister Leaves Doha ,Qatar News Agency
(MENAFN - Qatar News Agency) Doha April 24 - HE Minister of Justice of Georgia Tia Tsulukiana left Doha on Thursday morning wrapping up a two-day official visit to the country. An agreement on ...

Apr 24 2014Israeli Tanks Enter Gaza Border area ,Qatar News Agency
(MENAFN - Qatar News Agency) Gaza April 24 - Six Israeli military tanks on Thursday entered a border area in the southern Gaza Strip witnesses said. The tanks crossed into Gaza in an area called ...

Apr 24 2014President Salva Kiir Relieves his Chief of the General Staff ,Qatar News Agency
(MENAFN - Qatar News Agency) Juba April 24 -South Sudanese President Salva Kiir relieved Chief of the General Staff of south sudan army James Hoth Mai. This came in a presidential decree aired ...

Apr 24 2014Omani non-oil exports to enter African markets ,MENAFN
(MENAFN) A senior official at the Oman Chamber of Commerce and Industry (OCCI) said that the Sultanate is seeking expansion in new African markets, in a time it is looking forward to reduce its ...

Apr 24 2014Afghan Guard Shoots Dead 3 Foreigners in Hospital ,Qatar News Agency
(MENAFN - Qatar News Agency) Kabul April 24 - Three foreigners including a doctor were shot dead and their colleague wounded when a guard of a private Cure Hospital opened fire on them in the ...

Apr 24 2014Uruguay Public Health Minister Meets HE Qatari Ambassador ,Qatar News Agency
(MENAFN - Qatar News Agency) Montevideo April 24 -Minister of Public Health in Uruguay Maria Susana Mu?iz met here on Thursday with HE qatari ambassador to the republic of Uruguay mohamed hassan ...

Apr 24 2014US Secretary of State Meets Egyptian Intelligence Chief ,Qatar News Agency
(MENAFN - Qatar News Agency) shington April 24 - US Secretary of State John Kerry has met with the Egyptian Intelligence Chief Major General Mohammed Ahmed Fareed al-Tohami who is currently ...

Apr 24 2014Egypt's Interim President Receives Phone Call from South African President ,Qatar News Agency
(MENAFN - Qatar News Agency) Cairo April 24 - Egypt's Interim President Adly Mansour has received a telephone call from President of the Republic of South Africa Jacob Zuma in which they discussed ...

Apr 24 2014King bids to reassure Saudis as MERS deaths hit 85 ,AFP
(MENAFN - AFP) King Abdullah was in the Saudi commercial hub of Jeddah on Thursday in a bid to reassure a worried public as the death toll from the MERS virus hit 85. The Red Sea city has seen a ...

Apr 24 2014Sharjah Ladies Club organizes "Sharjah Ladies run" at the University City ,MENAFN Press
(MENAFN Press) Sharjah Ladies Club gears up to launch "Sharjah Ladies run" at the Sharjah University City. With over 250 participants, the activity aims to encourage women and enable them to ...

Apr 24 2014Egyptian Premier Off to Chad ,Qatar News Agency
(MENAFN - Qatar News Agency) Cairo April 24 - Egyptian Prime Minister Ibrahim Mehlib left cairo on Thursday for Chad the first leg of a three-day two-state trip that will also take him to Tanzania ...

Apr 24 2014Australian Federal Parliament Deputy Speaker Meets HE Qatari Ambassador ,Qatar News Agency
(MENAFN - Qatar News Agency) Canberra April 24 - Australian Federal Parliament Deputy Speaker Bruce Scott met here Thursday with HE Qatar's Ambassador to Australia Yousef bin Ali Al ...

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
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

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


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