24/01/2011 00:00 AST
The price index of Kuwait Stock Exchange (KSE) ended trading on Sunday with an increase of 43.9 points to 6,940.1 points, while the weighted index hiked to 5.33 points, reaching 490.1 points.
Trades came to 3,970 transactions, worth about 35.7 million Kuwaiti dinars, and volume was at 306.37 million shares upon closing. Five out of the eight sector indices were green, two were red.
The biggest gainer was the services sector, which was up 146.6 points, followed by the banking sector at 116.5 points, then the investment sector at 52.1 points. The leading high shares was that of National Ranges Company, while the biggest loss was suffered by United Gulf Bank.
Five most traded share were those of Investors Holding Group, National Ranges Company, Al-Ahleia Holding Company, Al-Safat Investment Company and Abyaar Real Estate Development Company.
The price index of Kuwait Stock Exchange (KSE) opened with a slight drop of 0.3 points to 6,895.9 points by 9:25 a.m. Sunday, while the weighted index was down 1.05 points to 483.72 points.
The session saw 455 trades so far at KD 3.5 million, involving 43.2 million shares.
The price index of Kuwait Stock Exchange (KSE) was green at 11:00 a.m. Sunday, an up of 18 points to 6,914.2 points. Meanwhile, the weighted index was also up 0.93 points and reached 485.7 points.
Volume came to 203.9 million shares by that time, traded in 2,227 transactions worth about KD 20.5 million.
Abu Dhabi's Aldar Properties slumped to a five-year low on Sunday, extending declines since it unveiled a restructuring plan dilutive to minority shareholders.
Middle East markets were mixed as Egypt, Qatar and Dubai made further losses, while Oman and Saudi Arabia edged higher.
Aldar fell 1.5 percent to 1.93 UAE dirhams. The indebted developer's shares are down 15.4 percent since saying it would take $2.9 billion in impairments and issue a convertible bond to a government-owned investment vehicle, measures seen eroding shareholder value.
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Agencies
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