NBK drops 20 fils; Jazeera Airways gains

level of 6,166.45 pts in the final minutes before closing with moderate losses.

Top gainer of the day, Qurain Holding vaulted 11.11 pct to 10 fils while Zimah Holding climbed 5.88 percent to stand next. NICBM slid 7.78 percent, the steepest decliner of the day and Al Dar National Real Estate Co topped the volume with over 40 million shares.

Mirroring the day’s downswing, the losers vastly outnumbered the winners. 29 stocks advanced whereas 48 closed lower. Of the 134 counters active on Wednesday, 57 closed flat. 2,433 deals worth KD 11.28 million were transacted - a 29.4 percent rise in value from the day before.

National Industries Group took in 2 fils while Kuwait Cement Co and RISCO held steady at KD 0.365 and KD 0.385 respectively. NIG has logged a first half net profit of KD 9.37 million and earnings per share of 7.1 fils as compared to net profit of over KD 8 million and earnings per share of 6 fils in the same period last year.

Steady Shuaiba Industrial Co gave up 5 fils while Kuwait Foundry Co dialed down 2 fils. Equipment Holding Co held steady at 71 fils and Kuwait Portland Cement too did not budge from its earlier close of KD 1.160. Independent Petroleum Group stagnated at KD 0.310.

Mashaer Holding Co and Nafais Holding Co clipped 2 fils each whereas Mezzan Holding Co paused at KD 1.080. The company has logged a net profit of KD 12.49 million and earnings per share of 42.13 fils in the JanuaryJune period of 2015.

Kuwait National Cinema Company gained 20 fils whereas KGL Logistics Co was unchanged at 66 fils. Yiaco Medical Co pulled 10 fils lower to KD 0.140.

In the banking sector, Gulf Bank was steady at KD 0.275 and Al Ahli Bank followed suit to settle at KD 0.345. Ahli United Bank shed 10 fils whereas Commercial Bank of Kuwait was not traded during the session. Kuwait International Bank paused at KD 0.240 and Warba Bank followed suit.

Burgan Bank fell 5 fils and Boubyan Bank closed 5 fils up. The bank has posted a net profit of KD 16.03 million and earnings per share of 7.78 fils in the first half of 2015 soaring from net profit of KD 12.57 million and earnings per share of 6.10 fils in the same period last year.

Kuwait Investment Co eased 2 fils whereas National Investment Co and KIPCO were flat at KD 0.124 and KD 0.660 respectively. Securities House inched 1 fils down while Securities Group and Sokouk Holding closed flat. Kuwait Financial Centre (Markaz) closed 4 fils in red.

Noor Financial Investment Co stagnated at 76 fils and Bayan Investment Co followed suit to end at 46 fils. The company has posted a net profit of KD 118,473 and earnings per share of 0.33 fils in the first half of 2015 as against net profit of KD 3.09 million and earnings per share of 8.56 fils in the same period of 2014.

National Real Estate Co inched 1 fils lower to 89 fils whereas Salhia Real Estate and Al Mazaya Holding were unchanged at KD 0.340 and KD 0.114 respectively. Mabanee Co added 10 fils and REAM gave up 4 fils to wind up at KD 0.148.

The bourse has been downbeat so far during the week and has tumbled 132 points in last four sessions. It has slid 84 pts from start of the month and is trading 5.63 pct lower year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region.

In the bourse related news, Metal and Recycling Co has incurred a net loss of KD 126,449 and losses per share of 2.48 fils in the January-June period of 2015 as compared to net profit of KD 615,409 and earnings per share of 6.76 fils in 2104, H1.

Kuwait National Cinema Company has clocked a net profit of KD 5.98 million and earnings per share of 62.65 fils in the six-months period ending June 30, 215 as against net profit of KD 5.10 million and earnings per share of 51.48 fils in the first half of 2014.

Safat Energy Holding Company has incurred a net loss of KD 82,966 and losses per share of 0.14 fils narrowing from net loss of KD 333,485 and losses per share of 0.55 fils in the same period last year.

Alimtiaz Investment Group Co has registered a net profit of KD 7.65 million and earnings per share of 6.96 fils in the first of 2015, rising sharply from net profit of KD 50,685 and earnings per share of 0.05 fils in the same period of 2014.

Aayan Leasing and Investment Company has clocked a net profit of KD 5.42 million and earnings per share of 6.76 fils in the six-months period ending June 30, 2015, down from net profit of KD 8.88 million and earnings per share of 11.07 fils in the H1 of 2014.