567.74 million dinars in Kuwait Stock Exchange gains

Kuwait officials reported that the Kuwait Stock Exchange posted strong gains in yesterday’s session, directly reflected in the capitalization of listed shares, which surged to 53.509 billion dinars by the close of trading, compared to approximately 52.941 billion dinars at the end of Sunday’s session. The market added roughly 567.74 million dinars to its capitalization in a single session, coinciding with a broad-based rise in market indices and notable trading momentum.

The gains were driven by clear buying activity in leading stocks, particularly those in the First Market, amid rising liquidity levels and expanded trading activity. The value of traded shares during the session reached 136.59 million dinars, while the trading volume amounted to 628.2 million shares, executed through 35,660 trades, reflecting the strength of the session’s activity and increased investor appetite for trading.

The General Market Index closed up 94.55 points, or 1.07%, at 8,934.53 points. The First Market Index posted the strongest performance among the main indices, rising 112.58 points, or 1.22%, to reach 9,339.77 points. The Main Market Index also rose by 32.85 points, or 0.36%, to 9,209.20 points, while the “Main 50” Index advanced by 3.09 points, or 0.03%, to 10,921.55 points.

The broad-based gains in the indices reflected the widening scope of the rally during the session, with the First Market Index clearly outperforming. The First Market accounted for a significant share of the activity, with trading value reaching approximately 86.9 million dinars through 179.2 million shares traded across 9,887 transactions, thereby capturing about 63.6% of the total stock exchange liquidity during the session. This highlights the pivotal role played by leading stocks in driving both the General and First Market indices to record strong gains.

Market activity coincided with continued interest in the banking sector, as investors await developments related to the draft housing finance law and the potential new pathways for long-term financing and additional growth opportunities it could open for the banking sector upon its enactment and implementation.