Kuwait Stock Market Analysis - Orient Consulting Center
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Market Overview
* All Price analysis is based on end-of-day closings
Date
7/3/2008
7/2/2008
Change
Index (Last)
15,376.0
15,446.5
-70.5
Volume (000's)
356,450
383,959
-27,509
Deals
8,228
9,339
-1,111
Value KD (Mill)
145.3
158.3
-13
Company Traded
160
163
-3
Winners
31
44
-13
Losers
72
67
5
No Change
57
52
5
Market Report
Daily Market Analysis for (03 July 2008)
(Based on the previous day closing)
The market fell moderately on Wednesday (July 02, 2008) a net 52.70 points (0.34%) and closed at 15446 point level. The market opened up then turned down and continued so until 12:29 hours when it reached its day low at 15409 points. Then it rose until closing.
Sentiment was bearish and 7 of the 8 sectors ended with losses. Amongst stocks with the highest volumes 2 of the top 5 were gainers, 1 was loser and 2 remained unchanged indicating mixed sentiment and indecision amongst marketmen.
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Hayat Communications o. (HAYAT COMM) has signed a memorandum of understanding with Wataniya Telecom (NMTC) at a total value of KWD 4.1 million to expand its network in Kuwait, and will implement and complete the contract at the end of 2008.
Kuwait International Bank of (ALDAWLI) has receive a cheque worth d 4,534,338 from Kuwaiti Financial Group Company as an installment to reduce the company's capital, according to the ordinary general assembly's decision 15-06-2008.
Kuwait Petroleum Corporation announced that the price of Kuwaiti crude oil raised to a new record, at $ 131.91 per barrel in dealings of 30-6-2008, a rise of $ 1.29 from its price in dealings on 27-6-2008.
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* All Price analysis is based on end-of-day closings
522.92
6%