Pos­i­tive mo­men­tum buoys Kuwait stocks

KFH Cap­i­tal Weekly Re­port

Kuwait Times - - BUSINESS -

The Boursa Kuwait In­dices wit­nessed a pos­i­tive week as in­dices in­creased this week. The price in­dex closed at 5,480.42 an in­crease of 1.31 per­cent up 71.06 points com­pared to the pre­vi­ous week. As the MUDX wit­nessed a higher in­crease this week of 3.22 per­cent to close at 561.67 for the week. While the mar­ket blue-chip in­dex the KSX15 closed on an in­crease this week of 23.85 points up 2.87 per­cent dur­ing the week to close at 854.82.

The re­ported weekly vol­umes were 886.60 mil­lion shares com­pared to 494.87 mil­lion shares in pre­vi­ous. Among the ma­jor con­trib­u­tors, the Fi­nan­cial Ser­vices Sec­tor (con­tribut­ing 31.11 per­cent) wit­nessed 275.69 mil­lion shares of trad­ing com­pared to 166.84 mil­lion shares in the pre­vi­ous week, while Real Es­tate Sec­tor (con­tribut­ing 25.85 per­cent) wit­nessed 229.08 mil­lion shares of trad­ing com­pared to 149.93 mil­lion shares in the pre­vi­ous week.

The over­all Mar­ket Cap wit­nessed an in­creased this week as it stood at KD 25.09 bil­lion up 2.1 per­cent on weekly ba­sis. As for the blue chips, National Bank of Kuwait - NBK (Mcap - KD 3.43 bil­lion) saw its mar­ket cap in­crease 3.39 per­cent dur­ing the week. While Mo­bile Telecom­mu­ni­ca­tion Co. - Zain ( Mcap - KD 1.74 bil­lion) saw its mar­ket cap in­crease by 3.85 per­cent. More­over; Ahli United Bank - AUB (Mcap KD 1.29 bil­lion) saw it mar­ket cap de­crease 2.06 per­cent dur­ing the week. On the to­tal mar­ket breadth, Of the 56 Is­lamic Com­pa­nies, 35 advanced while 4 de­clined dur­ing the week.

The Is­lamic uni­verse mar­ket cap wit­nessed its mar­ket cap an in­crease of 3.91 per­cent to close at KD 6.69 bil­lion. The uni­verse heavy­weights Kuwait Finance House - KFH (Mcap - KD 2.67 bil­lion) saw its mar­ket cap in­crease 5.15 per­cent dur­ing the week. While Boubyan Bank (Mcap - KD 855.73 mil­lion) saw its mar­ket cap in­crease 1.28 per­cent. Kuwait Telecom­mu­ni­ca­tion Co - VIVA (Mcap- KD 429.48 mil­lion) saw its mar­ket cap in­crease 1.18 per­cent dur­ing the week.

Newspapers in English

Newspapers from Kuwait

© PressReader. All rights reserved.