Kuwait Skids Amid Regional Jitters
Category: Business
Immigrate to Canada or Australia
Study In Abroad

Kuwait stocks sank into red on Sunday extending previous week’s pullback. The All Shares Index slid 73.18 points in a broad decline led by blue chips to 5,575.99 pts tracking the Gulf markets which continues to be roiled by the regional tensions.

The Premier Market tumbled 103.04 points to 6,004.84 pts taking the month’s losses to 63 points while Main Market slipped 11.64 pts to 4,749.88 points. The volume turnover meanwhile hit a twoweek low following last session’s surge. Over 84 million shares changed hands – down 37 pct from Thursday.

Among the prominent losers, National Bank of Kuwait skidded 15 fils to 946 fils partly paring last session’s losses and Boubyan Bank dipped 14 fils to 551 fils.

Humansoft Holding reversed Thursday’s gains with 40 fils drop to KD 3.400 while Kuwait National Cinema Co was down 30 fils at KD 0.840. Zain slipped 10 fils to 476 fils after trading 2.6 million shares and Ooredoo gave up 7 fils before winding up at 668 fils.

Kuwait Telecommunications Co (VIVA) dialed down 2 fils extending last session’s losses while Agility dropped 16 fils to 719 fils after trading over 1 million shares.

The market opened on dull note and headed south in early trade the main index continued to drift lower as sentiment remained weak and plumbed the day’s lowest level of 5,558 points in the final minutes. It however slightly pared back its losses at close.

Top gainer of the day, Al Aqaria soared 32 pct to 30 fils and Warba Insurance climbed 9.2 pct to stand next. Taame skidded 15.19 pct, the steepest decliner of the day and Gulf Bank topped the volume with over 8.9 million shares. National Industries Group fell 3 fils to 227 fils after trading 3.5 million shares and Mezzan Holding dialed down 2 fils before settling at 540 fils. Boubyan Petrochemical Co slid 20 fils to 551 fils and Al Qurain Petrochemical Co clipped 2 fils.

Integrated Holding Co was fl at at 550 fils. Jazeera Airways dipped 20 fils to 860 fils and ALAFCO stood pat at 259 fils off early lows. Mashaer Holding and SPEC trimmed 0.9 fil each to close at 63.1 fils and 70 fils respectively whereas Fujairah Cement Co gave up 4.5 fils to close at 48.5 fils. Kuwait Portland Cement rose 5 fils to KD 1.235 partly recouping Thursday’s losses and Hilal Cement was down 10 fils at 125 fils.

Heavy Engineering Industries and Shipbuilding Co slipped 9 fils to 403 fils after trading over 1 million shares and Gulf Cable gave up 4 fils to close at 372 fils. Combined Group Contracting Co dropped 16 fils to 210 fils and NAPESCO was down 17 fils at 973 fils. ACICO Industries and Independent Petroleum Group dialed down 1 fil each while Equipment Holding fell 2.9 fils to 23.4 fils. AAN eased 1.6 fils to 10.6 fils.

Automated Systems Co ticked 0.1 fil up to 96.4 fils with thin trading whereas OSOS took in 2 fils to close at 102 fils. KCPC added 5 fils and KPPC closed 2.9 fils lower at 56 fils. Salbookh Trading gave up 2.5 fils before ending at 44 fils. UPAC sprinted 20 fils to 425 fils and Warbacap slipped 5 fils to 80 fils. Al Rai Media Group slipped 4.5 fils to 41.4 fils and Gulf Petroleum Investment Co trimmed 1.3 fils.

KGL Logistics gave up 1.3 fils before settling at 40.1 fils. In the banking sector, Gulf Bank fell 3 fils to 299 fils after trading 8.9 million shares and Kuwait International Bank was down 5 fils at 255 fils with a volume of 4.5 million shares. Burgan Bank shed 13 fils and has retreated 21 fils so far during the month.

Commercial Bank rallied 22 fils to 537 fils and Al Mutahed gave up 6 fils before closing at 293 fils. Warba Bank slipped 6 fils to 225 fils after trading 2.4 million shares and Ahli United Bank closed 3 fils in red with brisk trading. KIPCO eased 1 fil to 211 fils and Gulf Finance House trimmed 1.2 fils to close at 67.9 fils.

Kuwait Investment Co tripped 1 fil and National Investment Co followed suit to wind up at 112 fils after trading over 1 million shares. FACIL closed 3 fils in red at 204 fils.

20 May, 2019 0 188
Posted Comments
Popular News
Indian Found Semi-naked The security personnel have identified an Indian through fingerprints who was found semi-naked and unconscious inside the bathroom of the Mubarakiya market, reports Al-Rai daily When someone informed ... August 15, 2019 0 2023 Category: Crime News
Cheated By A Car Mechanic I’m a frequent reader of your legal clinic column and want to thank you for the good advice you provide. I have a problem. I had given my car to a Pakistani mechanic in Shuwaikh Industrial Area ... August 15, 2019 0 912 Category: Legal
Issue Of Sikh Temple In Kuwait Draws Mixed Reaction From Public The issue of the Sikh temple or Gurdwara that was discovered in a remote area of Sulaibikhat where the Sikhs allegedly perform their rituals is believed to be illegal because the site has not been use... August 16, 2019 1 839 Category: Kuwait
Queries Raised Over Sikh Temple In Kuwait A group of Indian Sikhs have founded the ‘Sulaibiya Gurdwara’ (Sikh Temple) in Sulaibiya that is clearly visible on Google Maps and Google Earth, what is considered illegal, shocking and s... August 15, 2019 0 800 Category: Kuwait
79 People Arrested In Eid Holiday Roundup Kuwait Securitymen arrested at least 79 people during Eid holiday, detaining 61 illegal labor for violating residency law, 9 under article 20, 9 on visit visa, they were referred to the deportation de... August 15, 2019 1 797 Category: Crime News
Shoun Rejected To Change B.COM Degree To Accountants Designation I am working as an accountant since 2012 to present, I am a degree holder (BCom. Calicut University). Three years ago my company tried to change my profession as accountant but the Shoun rejected thei... August 16, 2019 0 744 Category: Legal
We Are Always Watching You Acting Ministry of Interior Undersecretary Lieutenant General Sheikh Faisal Al-Nawaf, Director General of Rescue Police Major General Abdulaziz Al-Hajri and a number of senior officers visited Sheikh ... August 18, 2019 2 588 Category: Kuwait
Illicit Relationship - Who Is The Father ? Police are looking for an unidentified person for impregnating a woman who had a miscarriage in the fourth month of her pregnancy and had to be rushed to the Mubarak Al-Kabir Hospital by an ambulance,... August 19, 2019 1 422 Category: Crime News
Money Gone From Account An Egyptian woman has filed a complaint with the Hawalli Police Station accusing an unidentified person of withdrawing money from her bank account, believed to be her life savings, reports Al-Rai dail... August 18, 2019 1 419 Category: Crime News
Cops Arrested A Blasphemer For Cursing Allah The Ministry of Interior has announced the arrest of a person for blasphemy (cursing God) and handed him over to the concerned authorities, reports Al-Rai daily. In an explanatory statement the minist... August 18, 2019 0 413 Category: Crime News
View All
Popular Offers
850-fils-1-kd-offers in kuwait
850 Fils, 1 Kd Offer...
special-offers in kuwait
Special Offers
crazy-offers in kuwait
Crazy Offers
city-centre-offers in kuwait
City Centre Offers
freedom-sale in kuwait
Freedom Sale
Popular Events
15 Aug, 2019
Category : Other
17 Aug, 2019
Category : Music
06 Nov, 2019
Category : Music
20 Aug, 2019
Category : Music
14 Oct, 2019
Category : Exhibition
Kuwait Local News
Kuwait News
Crime News New Rules Entertainment