The price index of Kuwait Stock Exchange ended Sunday trading on an up of 49.7 points to read 7,606.6 points, while the weighted index came to 397.62 points at an up of 1.8 points.
Trades came to 10,760 transactions which saw value to KD 98.886 million after trading of some 645.345 million shares.
As for sector indices, all but the food index were green by closing; the biggest hike of 145 points was seen with non-Kuwaiti companies; next biggest jump of 116 points was with services, and third jump of a distant 70 points was seen in the banking sector index. The food index meanwhile shed 7.6 points.
Leading high shares was that of Salbookh Trading at an up of 17.544 percent, leading low share was that of Kuwait Financial Center at a down of 7.
69 percent, while the Kuwait Real Estate share topped the list in terms of volume.
Making the volume top five in addition the Kuwait Real Estate were shares of Gulf Finance House, Al-Safwa Group, Al-Safat Energy Holding, and Al-Madina for Finance and Investment. Trading in the five shares came to 48 percent of the days total with some 310 million shares changing hands.
Bursa likely to extend profit taking
Share prices are expected to undergo further profit-taking next week with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) possibly retreating to the 1760 points support level.
Weak regi
Stable short-term rates seen next week
Short-term rates are expected to remain stable next week as Bank Negara Malaysia continues to intervene to reduce excess funds from the financial system.
On Thursday, the overnight rate s
Bentley China sales down 18% in Q1
Luxury car maker Bentley Motors Inc has said its auto sales in China decline 17.99% YoY to 474 units in China in the first quarter of this year.
The figure for the first three months accou
Xinjiang Kingtec Steel to issue bonds worth RMB 550 million
On May 21, Xinjiang autonomous region-based Chinese steelmaker Xinjiang Kingtec Steel Co a subsidiary of state owned company Xinjiang Cathay International Group, announced that its planned issue of e
Brazil's Consumer Sentiment Weakens Modestly In May
Brazil's consumer confidence weakened slightly in May after staying unchanged in the previous month, data released by the Getulio Vargas Foundation (FGV) showed Friday.