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Kuwait Stock Market Analysis - Orient Consulting Center
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QUICK SUMMARY
QUARTERLY FINANCIALS
YEARLY FINANCIALS
Kuwait Stock Index - Intraday Review of the Previous day:
The market rose moderately on Monday (February 08, 2010) a net 49.10 points (0.69%) and closed at 7151 point level. The market opened up and continued so throughout the day until closing at the day high.

Sentiment was bullish and 7 of the 8 sectors closed with gains. Amongst stocks with the highest volumes 3 of the top 5 were gainers indicating a bias towards the buy side of the market.

On Japanese candlestick patterns the index has formed a fourth consecutive white body candle on substantially (37%) higher volumes. In fact, yesterdays candle is a white body Marubozu candle. (A White Marubozu forms when the open equals the low and the close equals the high). Moreover, the body of this candle is above and outside the body of the previous candle indicating a range expansion and acceleration.

Further, the index is above its 5, 15 and 25 days averages and all the three averages are rising and are also positively trended. Moreover, the velocity parameters are also positively trended. All these indicate the possibility of a further up move unfolding.

Investors are advised to hold long positions. Work with strict stop losses on all positions.

 For More..Click Here..
   225 - OSOUL : OSOUL INVESTMENT CO. - (09 Feb 2010)
   502 - PIPE : Kwt. Pipes Industries and Oil Services Co. - (09 Feb 2010)
More Details ...
PIVOT ANALYSIS FOR A SELECTION OF SHARES
Share LTP PIVOT SUPPORTS RESISTANCE
S2 S1 R1 R2
KSE  7151  7137  7094  7123  7165  7180 
101 - NBK  1200  1187  1147  1173  1213  1227 
102 - GBK  295  292  282  288  298  302 
103 - CBK  940  940  940  940  940  940 
105 - BKME  510  503  483  497  517  523 
106 - KIB  184  185  181  183  187  189 
More Details ...
Heavy Engineering Ind. and Shipbuilding Co. (SHIP) announces that its subsidiary Gulf Construction & Marine Works and General Contracting Company has signed a contract as a co-contractor for the accomplishment and maintenance of the Center for the Coast Guard in Umm Bab of Public Works Authority - Qatar (Ashghal). A total amount of QAR 47,437,500, and a duration of implementation of 520 days.
Kuwait Insurance Co. (KINS) announces the adoption of the board of directors on 7/2/2010 of the financial statements for the year ended 31/12/2009. Where recorded a loss of KWD 6,235,487 and a loss per share of 32.15 Fils. Against a profit of KWD 2,946,326 and earnings per share of 15.18 Fils in 2008. It also recommended a cash dividend of 20% of the nominal value per share for fiscal year 2009.
More Company news...
Murabahat Real Estate Development Company announced that it inked a marketing contract with Turkey’s Tulip Real Estate Development Company to sell the units of Tulip Turquoise Project in Turkey. The project’s value amounts to $200 million and spans approximately 120 thousand square meters. The project is composed of 11 residential towers that house 1100 residential units.
Al Kharafi National Company secured a contract worth $4.7 billion to complete basic construction work at the gas treatment plant of JASCO Abu Dhabi Gas Manufacturing Company in Habshan. The company will work as a subcontractor for Italy's Tecnimont Company which won the engineering, supply and construction contract.
More Economic news...
706 - Kout Food Group
# Balance Sheet/Income Statement Item Qtr3 2009 % change Qtr3 2008

1

  Net Profits (KD'000) 246  -52.14 514

2

  Earnings per Share (Fils) 3.40  -51.57 7.02

3

  Return on Equity(%) 1.00  -50.00 2.00

4

  Book Value per Share (Fils) 292.98  3.09 284.21

5

  Price to Earning Ratio (Times) 46.16  330.20 10.73

More Details ...
Date
»  2/8/2010
Close
»  7,151.20
Previous
»  7,102.10
Change
»    49.1
Change %
»    0.69%
Open
»  7,109.90
High
»  7,151.20
Low
»  7,108.60
Volume
»  594,980,000
Trade
»  7,910
Value (mill.)
»   87.71
YTD Change
»    4%
52 Week High
»  8,371.10
52 Week Low
»  6,391.50
TOP GAINERS (2/8/2010)
ASC (285) 9.6%
COAST (138) 7.8%
NINV (360) 7.5%
FOOD (1,520) 7%
OSOUL (86) 6.2%
TOP LOSERS (2/8/2010)
-26.3%
SALBOOKH (89) -5.3%
-5.1%
ALQURAIN (202) -4.7%
-4.3%
 
Top Market Captialization (2/8/2010)
ZAIN (605) 13.55%
NBK (101) 11.53%
KFIN (108) 8.34%
CBK (103) 3.86%
CIB (814) 2.93%
Pivot Analysis Report
Market Captialization
P/E Ratio
 
 
 
 
 
 
 
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