The stock market closed the last trading week of the first half with mixed performance as the Weighted Index gained 16.9 point or 3.7 percent, the NIC-50 - a market capitalization weighted index which tracks the 50 most traded KSE-listed companies, rose by 196.9 points or 3.9 percent, and
Regarding the turnout, the report said its daily average declined by 11.8 percent in the six months to KD 27.7 million, compared to KD 31.4 million in H2-2013, according to the report.
The early transactions of second quarter 2014 came below expectations, with the value of traded shares standing at KD 8.8 million in last May which is a record low since January, 2013.
The report attributed the recent fluctuation of the benchmark to a range of causes, including the investors' wait for the financial results of the Q1-2014.
Some companies prefer to postpone the announcement of their results to the end of legal period which is 45 days after the end of Q1; this state of wait-and-see pushed the Price Index down to 7,408 points by the end of April which is 2.2 percent down from the figures of the previous month. (end) mka.abd.gb
All KUNA right are reserved
Most Popular Stories
- Toxic Algae Threatens Florida Fishing, Tourism
- Hispanic Groups Lead Voter Registration Drive
- Fed Signals It Will Keep Key Rate at Record Low
- Eva Mendes Gives Birth to a Baby Girl
- Plus-Size iPhones Live Up to The Hype
- FedEx Adding 50,000 Holiday Jobs
- Stocks Rise Before Fed Statement
- Occupy Wall Street Buys Up Student Debt
- Cool Features on Today's New iOS 8
- Kohl's Hiring 67,000 for the Holidays