Kuwait equities stem slide to end in green
NBK gains 9 fils, Zain stagnant
KUWAIT CITY, Dec 18: Boursa Kuwait ended its trading Wednesday with a 22.3 point increase in the general index to reach a level of 6,161.7 points or 0.63 percent.
The trading value of the index reached 115.6 million shares through 7,144 cash deals valued at KD 23.7 million (about $78.2 million). Gainers outpaced the losers by 55 to 50 deals respectively, while 23 remained stagnant during the session.
The main market index rose 2.1 points to reach the level of 4,844 points or 0.04 percent through the amount of shares reaching 77.6 million which were exchanged in the course of 3,198 cash deals valued at KD4.5 million (about $17.8 million dollars).
The premier market index rose 32 points to reach the level of 6,828.5 points or 47.4 percent with the number of shares reaching 38 million made through 3,946 deals valued at KD18.3 million dinars (about $60.3 million).
Out of 128 active counters, a total of 7,144 deals worth KD23.7 million were transacted during the session.
National Bank of Kuwait recorded the biggest gain at 9 fils through 3.7 million shares traded, while the biggest loser was Kuwait Foundry Company dipping 37 fils to read as 337 fils. Zain was stagnant at 580 fils, as well as Commercial Bank of Kuwait at 530 fils.
Tamdeen Real Estate Company surged 8 fils through 13,450 shares traded to read as 320 fils. On the other hand, Mezzan Holding Company lost 9 fils to read as 500 fils while Kuwait Investment Company and Commercial Facilities Company remained flat at 139 fils and 216 fils respectively.
Ahli United Bank (B.S.C.) gained 5 fils after trading 8.1 million shares while Warba Bank lost 1 fil through 3.07 million shares traded. National Investments Company did not move at a price of 133 fils through 1.4 million shares traders.
Other gainers were Agility which earned 4 fils through 1.26 million shares traded, Al Ahli Bank of Kuwait climbed 3 fils after trading 368,584 shares, Noor Financial Investment also earned 3 fils with 3.3 million shares traded and Markaz gained 3.1 fils through 813,621 shares traded.
Among the losers were Kamco Investment Company which lost 6.3 fils to read as 85.7 fils, Kuwait Portland Cement Company lost 6 fils to read as 972 fils, Al-Madar Finance and Investment Company lost 5.4 fils to read as 91.3 fils, Umm Al Qaiwan General Investment Company lost 5.7 fils to read as 72.5 fils, Gulf Cement Company lost 4 fils to read as 53 fils, Tamdeen Investment Company lost 3 fils to read as 321 fils, Ahli United Bank lost 1 fil to read as 325 fils and Boubyan Bank lost 2 fils to read as 608 fils.
Meanwhile, the stagnant companies include Kuwait Finance & Investment Company at 49 fils, Ekttitab Holding Company at 15.3 fils, Gulf North Africa Holding Company at 58.1 fils, United Real Estate Company at 61.2 fils, The National Real Estate Company (NRE) at 87 fils, Injazzat Real Estate Development Company at 78 fils, International Resorts Company at 11 fils, The Commercial Real Estate Company at 94 fils, Tijara & Real Estate Investment Company at 46.6 fils, Arkan Al-Kuwait Real Estate Company at 85.5 fils, Ooredoo at 780 fils, Combined Group Contracting Company at 262 fils, Alafco Aviation Lease and Finance at 273 fils, Oula Fuel Marketing Company at 125 fils, Soor Fuel Marketing Company at 121 fils, Jiyad Holding Company at 35 fils, Sharjah Cement & Industrial Development Company at 55.4 fils and Investors Holding Group Company at 7.5 fils
Dar Al Thuraya Real Estate Company gained 6 fils while Al Masaken International Real Estate Development Company lost 2 fils, Al-Manar Financing and Leasing Company lost 3.5 fils after trading 2.2 million shares and Ajwan Gulf Real Estate Development Company lost 0.100 fil through 1.39 million shares traded.
The 1 fil gainers include Gulf Bank which traded 4.5 million shares, Burgan Bank through 1.2 million shares traded, National Industries Group (Holding) through 1.5 million shares traded, Mabanee, Humansoft, National International Holding Company, Sokouk Holding Company, Gulf Cable and Electrical Industries Company, Heavy Engineering Industries and Ship Building Company, Kuwait Company for Process Plant Construction & Contracting and Fujairah Cement Industries.
Jazeera Airways gained 6 fils, Osoul Investment Company gained 5.4 fils, Al Eid Food Company gained 5.2 fils, Salhia Real Estate Company gained 5 fils, Ras Al Khaimah Company for White Cement Construction Materials gained 4 fils, Munshaat Real Estate Projects Company gained 3.8 fils, Burgan Company for Well Drilling Trading & Maintenance gained 3.5 fils, Viva gained 3 fils, IFA Hotels & Resorts Company gained 2.5 fils, Al-Enma Real Estate Company gained 2.4 fils, Ajial Real Estate Entertainment Company gained 2 fils along with Kuwait International Bank and Kuwait Finance House, Specialties Group Holding Company gained 1.9 fils, Manazel Holding Company gained 1.6 fils, GFH Financial Group as well as Unicap Investment and Finance gained 1.5 fils, Senergy Holding Company gained 1.4 fils and Gulf Investment House gained 1.3 fils.
In addition, Kuwait Projects Company (Holding) lost 1 fil along with Integrated Holding Company KCSC, Coast Investment & Development Company, Kuwait Real Estate Company, Kuwait Business Town Real Estate Company, ACICO, National Industries Company and Educational Holding Group.
Boubyan Petrochemical Company lost 2 fils as well as Qurain Petrochemical Industries Company, Alimtiaz Investment Group Company and Arabi Holding Group Company.
Amwal International Investment Company lost 2.5 fils, Bayan Investment Company lost 2.3 fils, Real Estate Trade Centers Company lost 2.1 fils, National Cleaning Company lost 1.7 fils along with Kuwait & Gulf Link Transport Company, The Securities House Company lost 1.2 fils and Kuwait Remal Real Estate Company lost 1.1 fils.