National Bank of Kuwait adds 3 fils, YIACO skids
KUWAIT CITY, Jan 18: Kuwait stocks crept higher on Monday after treading water in the previous session. The All Shares Index rose 8.23 points in a volatile session to 5662.57 pts helped by heavyweights even as the overall sentiment remained mixed.
The Premier Market climbed 15.72 points to 6186.75 pts taking the month’s gains to 135 pts while Main Market gave up 7.34 points. The BK 50 Main index ticked 1.56 points higher to 4794.50 pts. The volume turnover meanwhile saw a modest increase following Sunday’s drop. Over 229 million shares changed hands – up 11 pct from the day before.
The sectors closed mixed. Insurance outpaced the rest with 1.11 pct gain whereas Oil and Gas skidded 1.95 percent, the biggest loser of the day. Volume wise, Financial Services topped with 123.8 million shares while Banking sector dominated in value with KD 11.4 million. Among the standout performers, National Bank of Kuwait rose 3 fils to 853 fils on back of 3.9 million shares and Boubyan Bank followed suit to end at 575 fils. Mabanee Co extended its winning spree with a 7 fils jump to 728 fils after scaling 71 fils so far during the month while Humansoft Holding sprinted 29 fils. Zain rose 3 fils to 633 fils after moving 3.2 million shares while Ooredoo was up 11 fils at 664 fils. stc took in 2 fils and logistics major Agility paced 9 fils on back of 1.5 million shares. Boursa Securities Kuwait added 2 fils whereas NAPESCO skidded 49 fils to 991 fils. KIPCO eased1 fils to 159 fils and KAMCO tripped 0.4 fils. Noor Financial Investment and National Investment Co clipped 2 fils each whereas Osoul Investment paused at 80 fils. Kuwait Investment Co took 1 fils whereas Tamdeen Investment was down 5 fils at 325 fils. Bayan Investment ticked 0.2 fils into green.