By: Mohamad Farouk
Mubasher: The stock of the National Bank of Kuwait (NBK) closed Monday’s trading session 0.71% or 5 fils higher at 706 fils, reaching its highest level in five months.
The positive performance of NBK’s stock endorsed Boursa Kuwait to close in the green zone; the price index gained 0.37%, the weighted index went up 0.57%, and the Kuwait-15 index levelled up 0.62%.
NBK’s stock backed the banks segment to rise 0.4% in line with the good performance of six other banks, including KFH and Burgan Bank.
The stock recorded the highest liquidity of KWD 2.07 million, forming 20% of Boursa Kuwait’s total trading value of KWD 10.44 million, and 45% of the banks segment’s total turnover of KWD 4.55 million.
NBK was the fifth among other active stocks in terms of trading volume, as 2.94 million shares were exchanged, accounting for 5.3% of the market’s overall volume of 56.05 million shares.
NBK’s market cap stood at KWD 4.18 billion, accounting for 15% of Boursa Kuwait’s total market cap of KWD 28.32 billion.
It is noteworthy that NBK recorded a growth of 11% in profits to KWD 79.33 million during the second quarter of 2017, compared to KWD 71.68 million in the same period a year ago.
