Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

KSE Index Revitalizes At Week's End

Date 22/11/2002

The Kuwait Stock Exchange (KSE) indices were revitalized at the end of the week's transactions, witnessing a 9.5 point increase, which was the first time in three months the index passed the 2200 mark, closing on Wednesday at 2205.7 points.

The value of circulated shares jumped to the highest averages in a year, reaching almost 41.5 million dinars and maximizing on the relative size of liquidity resultant from the drop in interest rates and investment fund movement. During Wednesday's trade, approximately 180 million shares were circulated a result of 2949 transactions.

The share profits of 33 companies increased, with 11 companies witnessing a drop while 32 companies remained stable and 19 out of a total of 95 companies registered at the Kuwait Stock Market showing no market activity. As for the most shares circulated, the investment sector held the most ground, with its index lifting 16 points. Next was the real estate sector, showing strong transactions led by the United Realty Company who opened one of its largest projects on Tuesday, the Marina Mall. In third place was the industry sector, which was led by the United Industries Company, followed by the banking sector led by Burgan Bank.Equity