Stock market liquidity drops to 52 million Kuwaiti dinars
The Kuwait Stock Exchange witnessed continued divergence in the performance of its indices during the penultimate session of the week, after the main market index achieved limited gains, while its First and General indices experienced slight declines.
Geopolitical events in the region continued to exert pressure on the market, reflected in a state of volatility and instability. The bourse opened with a broad-based rise in its indices, before most of them surrendered their gains and closed lower.
Traded liquidity fell by 18.5 percent to reach 52 million dinars, compared to 63.9 million dinars in yesterday’s session, amid a slowdown in activity pace and investors’ anticipation of developments in the regional landscape.
The First Market continued to capture the largest share of this liquidity, accounting for 55 percent, while the Main Market took the remaining 45 percent.
Despite the overall downward trend in market performance, some stocks managed to record varying degrees of gains. However, part of these gains was supported by limited trading volumes, reflecting continued caution among investors in their decision-making.
A total of 132 stocks were traded; 59 rose, 56 fell, and 17 remained unchanged. Weighted indices rose for seven sectors led by the Basic Materials sector by 2.81 percent and the Energy sector by 1.02 percent. Conversely, indices fell for five sectors, led by the Technology sector by 1.55 percent and the Real Estate sector by 0.29 percent, while the Utilities sector remained stable.
In terms of index performance details, the General Market Index dropped by approximately 8.58 points, equivalent to 0.10 percent, to reach 8,649 points. Trading volume reached 202.12 million shares executed through 16,433 deals.
The First Market Index also declined by approximately 11.58 points, or 0.13 percent, to reach 9,067 points. It recorded liquidity valued at 28.7 million dinars, with volumes of 76.8 million shares executed through 7,380 deals.
Meanwhile, the Main Index rose by approximately 3.38 points, or 0.04 percent, closing at 8,798 points. The traded value amounted to 23.3 million dinars, with a trading volume of 125.3 million shares executed through 9,053 deals.
Regarding the most traded stocks by value, Baitak ranked first with a value of 5.06 million dinars, reaching a price of 771 fils. It was followed by Arkan with 2.37 million dinars, reaching a price of 308 fils, then Al-Watani with 2.23 million dinars, closing at 805 fils, and Al-Mabani with 2.19 million dinars, reaching 939 fils. Fifth was Al-Taksees with 2.16 million dinars, reaching 139 fils.
Al-Kout topped the list of the most rising stocks with a gain of 15.61 percent, albeit with only 11 shares traded, reaching a price of 896 fils. It was followed by Tajara by 5.81 percent, with a traded volume of 7.11 million shares, reaching a price of 182 fils. Then came Kafak by 4.88 percent, with a volume of 703.3 thousand shares, reaching 129 fils, and Bpetrolea by 4.24 percent, with only 10 shares traded, reaching 639 fils. Fifth was Rasiate by 4.14 percent, with a volume of 2.56 million shares, reaching 604 fils.
On the other hand, Al-Khaliji recorded a decline of 4.20 percent, leading the list of the most falling stocks, with a volume of 1.17 million shares, reaching a price of 548 fils. It was followed by Tamdeen Al-Aqariya by 3.13 percent, with 2,143 shares traded, dropping to a price of 402 fils. Then came Ajyal by 2.62 percent, with 1,000 shares traded, closing at 297 fils, and Aayan Al-Aqariya by 2.48 percent, with 2.56 million shares traded, dropping to 197 fils. Fifth was Kuwaitia by 2.15 percent, with 1.5 million shares traded, closing at 182 fils.
