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- Nasdaq tumbles on renewed angst over AI building boom
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14/03/2011 00:00 AST
Kuwait Stock Exchange (KSE) closed Sunday's session with the benchmark posting hike of 109.8 points settling at 6,396.4 points.
Volume of traded stocks amounted to 295 million, valued at 52.3 million Kuwaiti dinars, for 5,428 spot deals.
Indices of the eight sectors rose, with the services increasing 252.4 points, followed by industries, 119.7, and food 117.2.
Stock of Al-Safat Real-Estate Company was the top gainer, 11.4 percent, followed by that of Safwan Trading and Contracting Company (Safwan), 10 percent, then the share of the Gulf Cement Company (GCC), 9.2 percent.
Number-one loser was the share of the Commerce and Real-Estate Investment Company, 3.9 percent, followed by that of Livestock and Trading Company, 3.4 and IVA hotels company, 2.9.
KSE started trade this week on a green with the price index up 38.8 points to 6,325.4 points by 9:18 a.m., with the weighted index also on a green of 448.37 points at the time, an up of 2.63 points.
Trades came to 1,032 transactions worth KD 12,513,070, and 58,380,000 stocks changed hands.
All sector indices were also green at the time, except for insurance which stayed unchanged from previous closing.
KSE benchmark rose 11.6 points in pre-midday trading on Sunday reaching the level of 6,387.2 points.
Volume of the traded shares reached around 202.9 million, valued at KD 36.3 million, for 3,606 spot deals.
The bourse started trade, early Sunday, on a green with the price index up 38.8 points to 6,325.4 points by 9:18 a.m., with the weighted index also on a green of 448.37 points at the time, an up of 2.63 points. Trades came to 1,032 transactions worth KD 12,513,070, and 58,380,000 stocks changed hands. All sector indices were also green at the time, except for insurance which stayed unchanged from previous closing.
Market value of the KSE is currently estimated at KD 32 billion.
In related news, Kuwait's Zain hit a month-high on Sunday after receiving a new bid for a stake in its Saudi unit, while Gulf Arab stocks rose as investor fears unrest would spread to top oil exporter Saudi Arabia eased.
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Agencies
| Ticker | Price | Volume |
|---|
19/12/2025
Tech shares suffered another bout of weakness Wednesday on worries about an AI bubble, hitting US stocks as oil prices advanced following a US announcement of a blockade of tankers to Venezuela. The
AFP
19/12/2025
Bahrain All Share Index has closed at 2,072.03 points, marking an increase of 13.97 points above the previous closing.
This increase was due to a rise in the financial sector, the industrial
BNA
19/12/2025
Saudi Arabia's Tadawul All Share Index rose on Thursday, gaining 36.21 points, or 0.35 percent, to close at 10,450.27.
The total trading turnover of the benchmark index was SR5.87 billion (
Arab News
18/12/2025
London's stock market rallied Wednesday as the pound faltered on expectations of cuts to Bank of England interest rates, after data showed UK inflation falling faster than forecast.
Stock ma
AFP
18/12/2025
Saudi Arabia's Tadawul All Share Index closed lower on Wednesday, shedding 38.85 points, or 0.37 percent, to finish at 10,414.06.
Total trading turnover on the benchmark index reached SR3.4
Arab News
Financial Information Co.
Saudi Arabia