Profits down 34 points in first stock index – Politics Daily Kuwait Newspaper

Mahmoud Shendi wrote:

KSE indices varied at the end of last week as profit-taking, strong sales and selective pressure on the banking sector pushed the First Market Index down 34.9 points, or 0.5%, as well. as the general index of the market at closing at 6104.3 points, while maintaining an obstacle. 6,000 points were reached in the last month of July for the first time.
Cheap and mid-sized stocks experienced active speculative activity, which boosted the core market's gains and pushed it to break the trend of limited upward indexes of 4.3 points to 0.8. % and close at 6124.6 points. Main stocks after upgrading to MSCI.
The stock market lost 128 million dinars during the week to reach a market value of 35.3 billion dinars. The value of capital will increase over the coming period, supported by the movement of foreign purchases with the periodic review of the FTSE index in September.
Weekly liquidity decreased by 31.8% to 132.62 million KD, against 194.43 million KD the previous week, while the volume of transactions decreased by 48.6% to 696.08 million KD. shares, compared with 1.36 billion shares last week. Decrease of 26.4%, to reach 30,13,000 offers, against 40,93,000 offers last week.
The positive results of banks and companies strengthened market cohesion last week, especially as banks' financial results showed significant growth in the first half of 2018, and business results were accelerated, indicating a decline in the proportion of companies expected to be suspended due to the delay in the announcement of results. Finance.
The indices closed the session on a mixed note, after speculative operations to quickly take profits in the last sessions before Eid al-Adha, the general index fell 0.17% to close at 6104.3 points, losing 10.45 points, the first market index fell 0.37%, The stock rose 0.41% at the close and liquidity rose slightly by 0.9% to 25.96 million dinars against 25.73 million dinars yesterday, and volumes rose 41.3% to 167.92 million shares against 118.86 million shares on Wednesday.
Six sectors moved south, with banks losing 0.48%, while four others were at the top of the list of financial services at 1.34%, while Integrated was the biggest loser, down 11.3%. Ahli United Bank (Bahrain) was the driving force of the rise, reaching AED 5.88 million, down 3.11%, while Ann Digital was the number one in volume, with 27 million. shares exchanged.