KSE index recorded increase in weighted trading

27/08/2010 00:00 AST

Kuwait Stock Exchange recorded an increase in weighted trading activity index reaching 0.8 percent while at same time recorded marginal decrease in price index reaching 0.5 percent, Kuwait Financial Centre "Markaz" said on Thursday.

A specialized report by Markaz said that the banking sector accounted for 51 percent of the traded value for this week, followed by the industrial sector with 13.4 percent, while third came the service sector with 12.6 percent of the traded value.

The report noted the high morale among traders which reflected positively on banking market share reaching, from Kuwaiti Dinar (K.D) 761 million to K.D 12.7 billion.

Most valued stock this week belonged to KGL Logistics which reached 29.5 percent, followed by National International Holding (NIH) with 29.4, while the banking sector was present with Burqan posting 22.7 and Gulf Bank with 20.00 consecutively.

Markaz was established in 1974, and has become one of the leading asset management and investment banking institutions in the Arab region.

The company was listed on the Kuwait Stock Exchange (KSE) in 1997. Markaz offers full fledged services in asset management and investment banking.

Asset management services offered by the company include Investment Advisory Services, GCC and International Investments and Private Equities. Assets under management as of 31 March 2010 exceeded KD 921 million (USD 3.19 Billion).

Investment Advisory Services offer Markaz clients tailor-made investment solutions to meet their financial objectives, supported by efficient employment of in-depth market due diligence and constant monitoring.

Full transparency is delivered by monthly reports and quarterly reviews.

KUNA