KAMCO GCC Mar­kets Monthly Re­port

Kuwait Times - - BUSINESS -

bil­lion shares, whereas the to­tal value of shares traded dur­ing the month more than dou­bled to KD 258 mil­lion. Zain con­tin­ued to re­main the in­vestors’ fa­vorite scrip with the high­est monthly value (KD 44.6 mil­lion) and vol­ume traded (115.5 mil­lion shares), for the sec­ond con­sec­u­tive month. NBK came in close with KD 41 mil­lion worth of shares traded fol­lowed by KFH (KD 24.8 mil­lion) and Amer­i­cana (KD 15.1 mil­lion). In terms of monthly vol­ume, Zain was fol­lowed by Hits Tele­com (87.1 mil­lion shares) and In­vestors Hold­ing Group (79.8 mil­lion shares).

Saudi Ara­bia (Tadawul)

Af­ter three con­sec­u­tive months of steep de­clines, the Tadawul All Share In­dex recorded the high­est monthly gain in the GCC dur­ing

Abu Dhabi Se­cu­ri­ties Ex­change

Af­ter clos­ing marginally up in Sept -16, the ADX in­dex was down by 3.9 per­cent m-o-m in Oct-16. The in­dex closed at 4,300.18 points, as sectoral in­dices in­cluded both gain­ers and de­clin­ers for the month. Tele­com names fell the most dur­ing the month and re­ceded by 5.8 per­cent, as Eti­salat lost ground by an equal 5.8 per­cent. Con­sumer Sta­ples and Bank­ing in­dices fol­lowed, as they went down by 4.6 per­cent and 4.0 per­cent re­spec­tively m-o-m.

In the Bank­ing in­dex, NBAD lost ground by 3.6 per­cent for the month of Oct-16, while FGB also de­clined by 2.5 per­cent for the same month. ADCB and ADIB also de­clined and re­ceded by over 4 per­cent each. Sec­tors that im­proved dur­ing the month of Oct-16, were led by the In­dus­tri­als in­dex which went up by 2.2 per­cent Amanat Hold­ings wit­nessed higher stocks prices, as com­pared to the pre­vi­ous month.

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