Kuwaiti stock exchange post gains

The index of Kuwait's stock exchange, or bourse, jumped on August 26 11.3 points over its August 25 closing level, ending today's session at 2.452.2.

The index of the Kuwait Investment Company, which depends on a value amounting to around 8.3 billion Kuwait Dinars, climbed 0.05 points and closed at 209.79.

A bourse report indicated an increase in the value of shares of 22 companies out of 53 with shares of nine companies unchanged.

The report showed an increase in the volume of traded shares by 45.3 percent.

In the investment sector some 23 million shares, valued at KD 9.5 million changed hands. One Kuwait Dinar is equivalent to 3.5 US dollars.

The securities house, which dominated trades in its sector, groups 14 investment companies, traded 3.7 million shares with a value of KD 2.8 million distributed over 127 deals.

Around 10 million shares, value at KD 3.4 million were traded by the securities group and the international Murabaha company.

The real estate sector traded around 26.5 million shares, valued at KD 8.8 million over 597 deals, the report showed.