Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Kuwait stock market closes in green zone   Join our daily free Newsletter

MENAFN - Arab Times - 23/03/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab Times) Kuwait Stock Exchange (KSE) ended last week in the green zone. The Price Index closed at 7,557.29 points, up by 1.38% from the week before closing, the Weighted Index increased by 2.91% after closing at 473.37 points, whereas the KSX-15 Index closed at 1,145.83 points up by 4.40%. Furthermore, last week's average daily turnover increased by 80.89%, compared to the preceding week, reaching KD 31.52 million, whereas trading volume average was 247.47 million shares, recording increase of 54.83%



The stock market indices were able to realize good gains supported by the active trading and the strong purchasing operations that concentrated on the leading and blue-chip stocks; as despite the negative start of the stock market's trading last week, which was affected by the selling pressures on many small-cap and mid-cap stocks, the purchasing and collection operations witnessed by the operational stocks contributed in spreading an optimistic environment on the market, and positively affected the three indices performance, especially the KSX-15 index, which reached its highest level ever since inception in May 2012



In addition, the optimistic environment affected the stock market trading activity, especially the value, where it witnessed a noticeable increase when compared to the last few weeks trading, which enhanced the optimistic state of the traders for this period. On the other hand, the stock market is still waiting for the 2013 financial results announcements for the remaining companies, as despite the fact that the legal disclosure period will expire by the end of March, a number of listed companies did not announce their results so far, which increases some investors' worries from the possibility of postponing sch companies from trading, if the same could not announce their results within the given legal period




For the annual performance, the price index ended last week recording 0.10% annual profit compared to its closing in 2013, while the weighted index increased by 4.53%, and the KSX-15 recorded 7.25% growth



Sectors' Indice

Eleven of KSE's sectors ended last week in the green zone, while only one declined. The Banking sector headed the gainers list as its index grew by 2.41% to end the week's activity at 1,074.14 points. The Real Estate sector was second on the gainer's list, which index increased by 2.37%, closing at 1,374.62 points, followed by the Insurance sector, as its index closed at 1,143.94 points at an increase of 2.12%. The Consumer Services was the least growing sector as its index closed at 1,079.68 points with a 0.23% increase. On the other hand, last week's only loser was the Basic Materials sector, which declined by 0.11%, as its index closed at 1,157.06 points.





Sectors' Activit

The Financial Services sector dominated total trade volume during last week with 456.38 million shares changing hands, representing 36.88% of the total market trading volume. The Real Estate sector was second in terms of trading volume as the sector's traded shares were 29.41% of last week's total trading volume, with a total of 363.96 million shares. On the other hand, the Banking sector's stocks were the highest traded in terms of value; with a turnover of KD 61.91 million or 39.28% of last week's total market trading value. The Financial Services sector took the second place as the sector's last week turnover was KD 39.80 million represented 25.26% of the total market trading value.




 


Arab Times




  MENA News Headlines
 Dec 10 2016 - Stress And Pain Reliever Hot Oil Massage In ManamaMENAFN Press
(MENAFN Press) MANAMA, BAHRAIN (December 09, 2016) - Our everyday life is full of stress and pressure, and people do not have the power to remove all the stress forever. People get a sandwich ...

 Dec 10 2016 - Saudi Oger debt plan hit by other creditor court movesMENAFN
(MENAFN) Sources said Saudi Oger's attempt to restructure around 13 billion riyals (USD3.5 billion) in debts have been dealt another blow after a second major creditor obtained a court order ...

 Dec 10 2016 - Qatar�s Dukhan project to be completed 95%MENAFN
(MENAFN) The Public Works Authority (Ashghal) announced completion of 95% of the project, the Dukhan Highway Central project will partly open to traffic from tomorrow, providing one-way exit to the ...

 Dec 10 2016 - Jordan to launch anti-corruption strategy for 2017-2025MENAFN
(MENAFN) According to the Jordan News Agency, Petra, Jordanian Prime Minister launched the "National Strategy for Integrity and Anti-Corruption 2017-2025", in pursuit of a national environment where ...

 Dec 10 2016 - Death of five in car crash: Court sentences three year jail and fineGulf Times
(MENAFN - Gulf Times) A Doha Criminal Court has sentenced a young man to three years in jail and imposed a fine of QR18,000 on him for reckless driving without a valid driving license, causing the ...

 Dec 10 2016 - Boating, water sports enthusiasts flock to QIBSGulf Times
(MENAFN - Gulf Times) The 2016 Qatar International Boat Show (QIBS'16), which concludes on Saturday, has been attracting both boating and water sports enthusiasts with a range of luxury boats, yachts ...

 Dec 10 2016 - Enter the winter: Room heaters, warm clothing sales pick upGulf Times
(MENAFN - Gulf Times) The demand for winter clothes and room heaters has started picking up in stores and hypermarkets as Qatar's residents start to feel the chill, especially at night, it is learnt. ...

 Dec 10 2016 - Qatar- HBKU to host information sessions for graduate studentsGulf Times
(MENAFN - Gulf Times) Hamad Bin Khalifa University (HBKU) will host a series of information sessions across its colleges from tomorrow until December 14. The graduate information sessions will ...

 Dec 10 2016 - Qatar- Strong winds, low visibility on SaturdayGulf Times
(MENAFN - Gulf Times) Strong winds are expected in most parts of the country on Saturday along with low visibility in some places and a cold night, the Qatar Met department has said. The weather ...

 Dec 10 2016 - Al-Muraikhi made UN humanitarian envoyGulf Times
(MENAFN - Gulf Times) Al-Muraikhi made UN humanitarian envoy QNA/New York UN Secretary General Ban Ki-moon on Thursday announced the appointment of Dr Ahmed bin Mohammed al-Muraikhi of Qatar as his ...

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