Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait - Americana Spikes 60 Fils Zain Rises  Join our daily free Newsletter

MENAFN - Arab Times - 24/12/2013
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) The market opened on a positive note and nudged higher in early trade. The index sagged briefly before ticking up again and hit the day's highest level of 7645.2 pts past the mid-session. It eased thereafter to bottom at 7619.89 pts amid selling pressure in select counters but managed to claw back into the green at close.
Top gainer of the day, Kuwait Hotels jumped 7.14 percent to KD 0.150 and First Dubai rallied 7.02 pct to stand next. United Real Estate Co dived 8.47 percent, the steepest decliner of the day and Gulf Finance House topped the volume with over 65 million shares changing hands.
The market spread was skewed towards the winners. 50 stocks advanced whereas 34 closed lower. Of the 139 counters active on Monday, 55 closed flat. 4748 deals worth KD 22.42 million shares were transacted - a 5.58 pct fall in value from the day before.
On the flipside, Kout Food Group skidded 50 fils to KD 0.740 while Safwan Trading and Contracting Co shed 25 fils . Humansoft Holding slid 20 fils. The company has earned a net profit of KD 3.30 million and earnings per share of 28.93 fils in the first nine months of the year.
RISCO fell 5 fils to KD 0.305 and Kuwait Portland Cement shed 20 fils. The company has chalked a net profit of KD 6.57 million and earnings per share of 72.3 fils in the nine months ending September 30, 2013.


Gulf Franchising Holding Co slipped 9 fils and ALAFCO was down by same measure. Kuwait Cables Vision Co closed 5 fils lower.
The company has incurred a net loss of KD 284,136 and loss per share of 9.47 fils in the January-September period of 2013.
National Industries Group held the ground flat at KD 0.232 off slight early highs and KGL Logistics Company paused at KD 0.265. The company has won the approval of Capital Markets Authority to its request to buy back or sell up to 10 percent of own shares over a period of 6 months commencing date of approval.

Erased
Metal and Recycling Co erased 4 fils whereas NICBM held the ground steady at KD 0.206 and Equipment Holding followed suit. Kuwait Cement Co and Jazeera Airways stagnated at KD 0.370 and KD 0.495 respectively.
In the banking sector, National Bank of Kuwait pared early losses to close flat at KD 0.890 and Gulf Bank too held steady at KD 0.375. The bank has won the central bank's approval to its request to buy back and sell up to 10 percent of own issued shares over a period of 6 months.

Al Ahli Bank was unchanged at KD 0.465 off early lows and Ahli United Bank added 10 fils. Kuwait International Bank edged 5 fils higher and Burgan Bank closed flat at KD 0.570. The stock has gained 10 fils so far during the month and is trading 40 fils higher in 2013.
Kuwait Finance House climbed 10 fils on back of over 2 million shares to settle at KD 0.790 whereas Boubyan Bank slipped 10 fils extending the losses in the day before.
Kuwait Investment Co was flat at KD 0.134 while KIPCO gained 10 fils. International Financial Advisors ticked 2 fils higher with a volume of 17.53 million shares and National Investment Co too was up by same measure.
Sokouk Holding Co climbed 6 fils and Noor Financial Investment took in 2 fils. The company is planning to sell the company's entire 49 percent stake in Meezan Islamic Bank . The deal's value is pegged at 190 million or KD 53.5 million.


The bourse has been upbeat so far during the week and has added 30 fils in last 2 sessions. The index has dived 150 points from start of the month and is trading over 28 percent higher year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region.
In the bourse related news, Warba Bank announced has logged a net loss of KD 3.12 million in the nine-month period ending Sept 30, 2013 and chalked a loss per share of 3.12 fils as against KD 2.06 net loss and and loss per share of 2.07 fils in the same period last year.
Independent Petroleum Group has posted a net profit of KD 4.35 million in the first nine months of 2013 while earnings per share came in at 30.10 fils. This compares with KD 5.07 million net profit and earnings per share of 35.10 fils in the same period last year.
Advanced Technology has logged a net profit of KD 3.34 million and earnings per share of 22.304 fils in the nine-month period ending Sep 30, 2013, up from KD 2.90 million and earnings per share of 19.341 fils in the same period last year.
Kuwait National Cinema has notched a net profit of KD 6.13 million earnings per share of 61.74 fils in the nine-month period ending September 2013, soaring from KD 4.73 million profit and earnings per share of 47.43 fils in the 9M period of 2012.

 


Arab Times




  MENA News Headlines
 Sep 30 2016 - Italy�s Eni confirms renewable energy deal with EgyptMENAFN
(MENAFN) Italian oil Eni agreed a common strategy with Egypt to construct renewable energy projects in the country.Moreover, the first project will be a solar plant in Sinai with output of 50 MW, ...

 Sep 30 2016 - Oman�s budget deficit reaches USD10.83bn in H1MENAFN
(MENAFN) Oman"s budget deficit increased and crossed the RO4bn mark for Jan-July period this year as government revenue continued to hurt by weak oil prices.Meanwhile, the deficit grew by 68 percent ...

 Sep 30 2016 - UAE hotels to cut costs by 20pctMENAFN
(MENAFN) Hotels in the UAE could cut their costs by more than 20 percent by reducing their energy and water consumption.Moreover, hotels with poor environmental policies consume three times more ...

 Sep 29 2016 - Kimberly process chair steps up momentum on Africa initiativeMENAFN Press
(MENAFN Press) Zimbabwe was the next stop on his extensive tour of African States, to give Africa a Voice, for which the Kimberley Process was originally intended. In Harare, the KP Chair met with ...

 Sep 29 2016 - Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020MENAFN Press
(MENAFN Press) Global Virtual Reality Market 2016 Share, Trend, Segmentation and Forecast To 2020 next five years in an average of 106% CAGR; by 2020 over 430 billion products will be sold, and 21 ...

 Sep 29 2016 - NY Gov. Cuomo's Justice Center a Corruption SchemeMENAFN Press
(MENAFN Press) NY Gov. Cuomo's Justice Center a Corruption Scheme Jonathan Carey "Champion for the Disabled" Born September 12,1993 Killed by caregivers on February 15,2007 The corruption is ...

 Sep 29 2016 - Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North AmericaMENAFN Press
(MENAFN Press) Solving the last jigsaws to minimize risks, optimize costs and accelerate commercialization at Biosimilars North America The 3rd annual Biosimilars North America by popular demand, ...

 Sep 29 2016 - Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022.MENAFN Press
(MENAFN Press) Haptic Interface Market 2016 market Share, Current and Future Players, Analysis and Forecast to 2022. Global Haptic Interface Market Information, by Components (Hardware, Software), ...

 Sep 29 2016 - Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 2021MENAFN Press
(MENAFN Press) Cold Forging Machine: Consumption, Demand, Sales, Competitor and Forecast 2016 – 2021 Cold Forging Machine Global Market 2016 Analysis and Forecast to 2021 PUNE, INDIA, September ...

 Sep 29 2016 - Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021MENAFN Press
(MENAFN Press) Global Wind Power Market Top Manufactures, Market Demands, Trends, Industry Growth Analysis & Forecast 2021 Global Wind Power Market Information Report by Application (Residential ...

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

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

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
Economic Calendar
Financial Glossary


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


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help