KSE ended yesterdays session in the red territory driven by heavy weight banking stocks losses. Its worth mentioning that, the court of appeal decided to temporarily suspend trading on Boubyan Bank shares owned by Investment Dar and registered under CBK. Global General Index (GGI) dipped by 1.09 percent to reach 222.27 points. On the other side, the KSE Price Index went down shedding 2.45 points (0.49 percent) to close at 8,267.80 points. Market capitalization declined by KD397.48mn today to r
During todays session, market breadth was skewed towards decliners as74 equities retreated versus 35 that advanced, while 94 stocks were unchanged. Volume and value of shares traded on the exchange increased today, as investors exchanged 700.05mn shares (-8.88 percent), at a total value of KD768.29mn (- 8.96 percent). The Services Sector was the volume leader for the third consecutive day, accounting for 34.22 percent (239.56mn shares) of total volume traded. All Al-Safat Group listed companies witnessed
heavy trading for the second consecutive day with Al-Safat Energy Holding leading the volume list with 101.52mn shares traded with a total value of KD12.71mn.
Banking Sector was the value leader for the second consecutive day accounting for 39.04 percent of the total value traded with a total value of KD66.48mn. Boubyan Bank aided the sector with a total traded value of KD40.125mn, to be the value leader for the day. The scrip ended todays session down by 3.77 percent to close at KD0.510.
Educational Holding Group was the top gainer for the day, adding 9.43 percent to close at KD0.116. On the other side, Arab Insurance Company was the top loser massively shedding 15.31 percent, to close at KD0.166. Sector wise, all Global Indices ended the day on a negative note except Global Non-Kuwaiti Index, which was the only gainer adding 0.62 percent aided by Al- Ahli United Bank that posted 2.60 percent gains to close at KD0.158. On the decliner front, Global Food Index was the biggest decliner for
the third consecutive day, shedding 2.86 percent. The index was affected by Kuwait Foodstuff Company (Americana) lost 3.95 percent to close at KD1.460.
Global Services Sector came in the second place declining by 1.69 percent pushed by Agility, which was the highest decliner in the sector. The scrip plunged by 5.08 percent to close at KD1.120. Global Investment Index was the least decliner as Global Investment House reduced the indexs losses. The scrip ended todays session among the top gainer list gaining 7.81 percet after the AGM approved capital increase by KD150mn.
All Global Special Indices ended the day on a negative note except Global High Yield Index , which continued its upward trend adding 0.18 percent with Kuwait Financial Centre gaining 7.46 percent to close at KD0.144. The price of OPEC basket of twelve crudes stood at $69.24 a barrel on Monday June 15, 2009, compared with $70.45 the previous Friday, according to OPEC Secretariat calculations. Price of Kuwaiti crude oil was down 70 cents in Monday transactions and came to $70.3 per barrel (pb).