Kuwait stocks rise 13.8 pts to close at 5,616.18 points

17/12/2015 05:45 AST

Kuwait stocks rallied to 5,616.18 points, rising 13.8 points or 0.25 percent above the red line mid-week. The weighted index stood at 381.58 points, up by 0.31 points.. The KSE benchmark pushed 0.54 points higher to the green, ending the session at 903.25 points. A total volume of 99.75 million shares were traded for a total value of KD 15 million in 2,898 transactions. 125 counters remained active on the trading floor, of these 57 posted gains while 31 retreated and 37 noted no change. Al-Madina For Finance And Investment Co marked the biggest leap, increasing 7.46 percent in share price to 36 fils while Abyaar Real Estate Development Co closed at 30 fils with a 7.14 percent augment.

ACICO industries Co made its way to the list of top gainers with a 7.14 percent jump to 300 fils while Investors Holding Group Company scaled 6.25 percent upwards to 25.5 fils. Bayan Investment Co, for its part, traced 6.25 percent higher to a 34 fils close. On the other hand, Kuwait Cable Vision plummeted to 22.5 fils a piece, dropping 10 percent from the previous session. Gulf Franchising Holding Co took a 5.56 percent downturn to 42.5 fils and Al Rai Media Group Company followed closely behind with a 5.33 percent reduction to 142 fils. Meanwhile, Kuwait Cement Company slumped 4.88 percent below to 390 fils and National Petroleum Services Company made a 4/84 percent retreat to 590 fils respectively.

Investors Holding Group Company had the largest volume turnover, trading 16.14 million shares of its stock while Al-Madina For Finance And Investment Co saw a robust trade of 11.27 million shares. HITS Telecom Holding Co followed with a swell of 7.37 million shares, Al Dar National Real Estate Co traded 5.1 million shares and National Ranges Company exchanged 4.88 million shares of its lot. Telecommunications stood at 592.64 points at the day’s close, inching 2.91 points below the line. The sector accounted for 14/94 percent of the total volume and 38.7 percent of the total value of the session. Viva stood firm at KD 1, trading 4.6 million shares on the floor while Ooredoo logged no change at KD 1.040 while minimal trade.

Zain, on the other hand, slipped 10 points lower to 345 fils, trading 2.92 million shares while Hits Telecom Holding Co held its ground at 27.5 fils share price, trading 7.37 million shares in the session. Banks stood at 901.9 points in the green making up 8.96 percent of the total market volume and 24.44 percent of the total value. National Bank of Kuwait held ground at 810 fils trading 1.17 million shares while Gulf Bank shed 5 points to close at 265 fils. Commercial Bank of Kuwait closed flat at 500 fils and Al Ahli Bank of Kuwait made a 5 point trek to 370 fils. Ahli United Bank closed flat at 530 fils and Kuwait International Bank clambered 2 points higher while Burgan Bank took a 5 point dive to 375 fils. Kuwait Finance House, at the same time, took a 20 point leap to 550 fils while Boubyan Bank stood stale at 435 fils.

Warba Bank stood at 200 fils with a 4 point hike and Ithmaar Bank eased 1 point lower to 41.5 fils. Financial Services index stood at 597 points, making up 31.1 percent of the total market volume and 9.85 percent of the total market value of the session. Al-Madina For Finance And Investment Co with a 2.5 point upswing closed at 36 fils while Kuwait Projects Company closed at a flat 580 fils and The Securities House inched 1.5 point upward to 39.5 fils. Real Estate made a 0.86 percent rise to the green at 938.4 points. Mabanee Company closed at a steady 930 fils while Investors Holding Group Company made a 1.5 fils upswing to 25.5 fils and Al Dar National Real Estate Co closed flat at 28 fils.

The Commercial Real Estate Co and National Real Estate Company, concurrently, crept 1 point higher to 81 fils and 86 fils respectively. Al-Mazaya Holding Co closed flat at 104 fils while Sokouk Holding Co clambered 1 point upwards to a 40 fils close, trading 1.21 mill

Arab Times