Stock market indicators stabilize with 60.7 million dinars in liquidity

The Kuwait Stock Exchange opened the week’s trading with relative stability, amid limited movements in market indices. Both the First Market and General Market indices recorded slight gains, while the Main Market index trended downward modestly, resulting in mixed performance across the indices.

Traders are closely monitoring the trajectory of negotiations between the United States and Iran, and the potential developments regarding the reopening of the Strait of Hormuz, alongside the possibility of ending the regional tensions that have persisted since late February. The market is awaiting the impact of these developments on trading levels and investor sentiment.

Turnover reached approximately 60.7 million Kuwaiti dinars, reflecting relative calm in market activity. Market beginnings typically feature modest liquidity levels before trading activity picks up in subsequent sessions.

The First Market accounted for the largest share of this liquidity at 57 percent, while the Main Market captured the remaining 43 percent.

Al-Taksees topped the list of gaining stocks after recording gains exceeding 9 percent, followed by Kufpec, which rose by more than 5 percent.

Conversely, Tajara led the decliners with a drop of nearly 5 percent, while Gulf Insurance and Ajeel shares recorded declines exceeding 4 percent.

A total of 131 stocks were traded, with prices rising for 49 stocks, falling for 55, and remaining stable for 27. Weighted indices rose for seven sectors in the market, led by the Technology sector with a 3.85 percent increase and Basic Materials with a 1.67 percent gain. Meanwhile, indices for five sectors declined, headed by the Insurance sector with a 2.21 percent drop and Energy with a 0.61 percent decline, while prices in the Healthcare sector remained stable.

In terms of index performance, the General Market index rose by approximately 7.64 points, or 0.09 percent, to reach 8,873 points. Trading volume amounted to 233.8 million shares across 15,323 transactions.

The First Market index gained approximately 11.15 points, or 0.12 percent, to reach 9,307 points. It recorded a liquidity value of 34.4 million dinars, with a volume of 91.5 million shares executed through 5,810 transactions.

The Main Market index fell by approximately 6.99 points, or 0.08 percent, closing at 8,996 points. The traded value stood at 26.3 million dinars, with a trading volume of 142.2 million shares executed through 9,513 transactions.

Regarding the most actively traded stocks by value, Baitak ranked first with a value of 5.98 million dinars, closing at a price of 788 fils. Tajara followed with 3.7 million dinars, closing at 159 fils. Al-Taksees came third with 3.68 million dinars, closing at 155 fils. Al-Watani ranked fourth with 2.42 million dinars, closing at 864 fils, while Kufpec took fifth place with 2.3 million dinars, closing at 181 fils.

Al-Taksees topped the list of the most gaining stocks with a 9.15 percent increase, trading 24.4 million shares. Kufpec followed with a 5.23 percent rise, trading 12.9 million shares. Mubadara ranked third with a 3.94 percent gain, trading 2.39 million shares and closing at 132 fils. Anzima came fourth with a 3.85 percent increase, trading 1.75 million shares and closing at 1.024 dinars. The Kuwaiti Finance House (Al-Kuwaiti) ranked fifth with a 3.52 percent gain, trading 3.94 million shares and closing at 147 fils.

On the other hand, Tajarah shares fell by 4.79 percent to top the list of the most declining stocks, with a trading volume of 22.35 million shares, closing at a price of 159 fils. It was followed by Gulf Insurance, which dropped by 4.36 percent, albeit with a trading volume of just 218 shares, bringing its price down to 1.600 dinars. Next was Ajeel, down 4.22 percent, with a trading volume of 47,980 shares, closing at 295 fils. Petroleum followed with a 3.99 percent decline, trading only one share, and dropping to 649 fils. Fifth was Hotels, down 3.24 percent, with a trading volume of approximately 20,970 shares, closing at 179 fils.