Kuwait Stock Exchange's (KSE) KSX 15 index ended Sunday's trading session with a loss of 4.39 points to read 963.02 points, while contrast, the price index was up 11.61 points to 6,110.87 points.
The weighted index shed 0.59 points to 401.14 points. Trades came to 4,835 transactions, worth 25,401,015.755 Kuwaiti dinars and volume reached 333,523,916 shares.
Top share for the day was that of National International Company holding. The biggest loser was Dulaqan Real Estate Company, and top volume share was that of Gulf Finance House. The 14 sector indices were mostly in green with healthcare on top. The biggest loser was the Insurance sector.
Kuwait Stock Exchange started week trading Sunday on a mixed board with the price index coming to 6,104.71 points, an increase of 5.45 points, while the weighted index dropped to read 400.84 points on a down of 0.89 points, and the lately introduced KSX 15 index came to 963.13 points, losing 4.28 points.
Trades came to 928 transactions, worth KD 4,020,499.466, with 72,406,643 shares changing hands till time of this reading.
In more news, Gulf stock markets performed in a "tragic manner" in May and closed the month bearishly, according to a report released by Global Investment House.
Lacking new motivating factors, the stock markets of the Gulf region had to resort to follow-up on international markets, which also took an alarming bearish path, due to the deepening credit crisis in Europe. Spain was the center point of latest developments in Europe, with Standard and Poor's lowering credit rating for major Spanish banks.
Saudi market was number-one loser among bourses of the region, falling 7.7 percent, in May, the Global report said, noting that the bearish trend of the regional markets was forecast to proceed in the summer.
The Global report said up to 21.8 billion shares were traded in May, compared to 28.2 billion the previous month, 22.7 percent lower. Total value of traded shares reached 49.5 billion US dollars in contrast to $79.4 billion in April, dropping 37.6 percent.
Market value amounted to $721 billion in the end of May. The value of the Saudi market constituted up to 50.5 percent of the overall value of the regional markets.
Qatar banks record high loan growth
Powered by an increasing public sector spending, banks in Qatar witnessed the highest rate of loan growth in the GCC in third quarter of this year. The loan book of Qatar-based banks grew 25.4 percen
FBM KLCI closes at new high of 1,843.85
Share prices on Bursa Malaysia continued the bullish performance today, with the FTSE Bursa Malaysia KLCI (FBM KLCI) closing at a new high of 1,843.85, on follow-through buying amid foreign fund infl