Kuwait nudges 5.46 pts higher as volume drops

Humansoft Holding jumps 60 fils; Americana dips

By John Mathews lowest level of 5,755.66 pts past the mid-session. It moved sideways in the second half before clawing back into green at close.

Top gainers of the day, Kuwait Cable Vision Co and KGL Logistics rallied 9.09 pct each to close at 30 fil and 60 fil respectively whereas Contracting and Marine Services Co dived 8.77 pct, the steepest decliner of the day. KGL Logistics topped the volume with 9.9 million shares.

Reflecting the dayís uptick, the winners outnumbered the losers. 49 stocks advanced whereas 38 closed lower. Of the 137 counters active on Thursday, 50 closed flat. 2,904 deals worth KD 9 million were transacted ñ a 27.2 pct drop in value from the day before.

National Industries Group, the flagship company of the Kharafi Group, recouped slight early losses to close unchanged at KD 0.144 and Gulf Cable added 5 fil to wind up at KD 0.415. Kuwait Foundry Co shed 10 fil whereas Kuwait Portland Cement climbed 20 fil.

Equipment Holding Co inched 1 fil up and ACICO Industries was flat at KD 0.285. Independent Petroleum Group Co was down 15 fil at KD 0.260. The company has posted a net profit of KD 1.599 million in the ninemonth period ended Sept 30, 2015 while earnings per share came in at 11.05 fils. to KD 0.370.

Burgan Bank and Kuwait Finance House were flat at KD 0.395 and KD 0.560 respectively and Boubyan Bank slipped 5 fil to KD 0.435 . Warba Bank took in 2 fil to settle at KD 0.210 and Ithmaar Bank nudged 1.5 fils up. Commercial Bank of Kuwait was not traded during the session

Kuwait Investment Co was unchanged at KD 0.110 while National Investment Co fell 2 fil to KD 0.108. KIPCO dropped 10 fil to KD 0.570 while First Investment Co and Al Mal Investment Co took in 1 fil each. KAMCO climbed 4 fil to KD 0.100.

National Real Estate Co and Salhia Real Estate Co paused at 82 fils and 320 fils respectively whereas Mabanee Co shed 10 fil. AL Mazaya Holding dialed up 2 fil whereas Tamdeen Real Estate Co held steady at KD 0.470.

The bourse has been mixed during the week. The price index closed lower in 3 of the 5 sessions and has slipped 6 points week-on-week. It has gained 47 points from start of the month and is trading 11.63 pct lower year-to-date. KSE, with 213 listed companies, is the second largest bourse in the region.

In the bourse related news, Future Communications Co. Global has posted a net profit of KD 732,998 and earnings per share of 9.05 fils in the first nine-months of 2015 , up from net profit of KD 635,355 and earnings per share of 7.84 fils in the same period of last year.

The Energy House Co has logged a net loss of KD 668,888 and losses per share 0.892 fils in the nine-month period ending Sept 30, 2015 narrowing from a net loss of KD 2.21 million and losses per share of 2.947 fils in the same period last year.

Warba Bank has recorded a net profit of KD 1.25 million and earnings per share 1.25 fils in the first nine-months of the year as compared to net profit of KD 318,000 and earnings per share of 0.32 fils in the 9M of 2014.

Boubyan International Industries Holding Company has incurred a net loss of KD 2.21 million and loss per share of 7.38 fils in the year ending 31 July 2015 narrowing from a net loss of KD 3.87 million and loss per share of 12.91 fils in the previous year.

Al Dar National Real Estate Co has incurred a net loss of KD 132,850 and loss per share of 0.32 fils in the sixmonth period ending June 30, 2015 as against net profit of KD 761,352 and earnings per share of 1.85 fils in the same period of 2014.