Stock market indicators continue to diverge for the second consecutive session

The Kuwait Stock Exchange continued to show mixed performance across its indices during today’s trading session. While the First Market and General Market indices recorded slight gains, the Main Market index continued its limited decline.

The bourse opened with a broad-based rise across its indices, but the session later witnessed volatility between gains and losses, ending with mixed performance amid improved results for several stocks. Caution and anticipation remain prevalent in the market, as traders continue to monitor the trajectory of negotiations between the United States and Iran and their potential outcomes.

Despite this cautious sentiment, trading liquidity rose by 24 percent to reach approximately 75.3 million Kuwaiti dinars, compared to about 60.7 million dinars in Sunday’s session. The First Market accounted for the largest share of this liquidity at 61 percent, while the Main Market captured the remaining 39 percent.

Many stocks posted positive performance. Thuraya topped the list of the most-gained stocks with a rise exceeding 9 percent, followed by Hotels, Warba Capital, and Madar. On the other hand, Al-Kout led the list of the most-declined stocks with a drop nearing 8 percent, followed by Gulf Insurance.

A total of 129 stocks were traded; prices rose for 56 stocks, fell for 57, and remained stable for 16. Weighted indices rose for seven sectors in the market, led by the Technology sector with a 2.54 percent increase and Consumer Goods with a 1.39 percent gain. Conversely, indices fell for five sectors, headed by the Insurance sector with a 2.36 percent decline and the Industrial sector with a 0.65 percent drop, while prices for the Utilities sector remained stable.

In detail, the General Market index rose by approximately 3.99 points, equivalent to 0.04 percent, reaching 8,877 points. Trading volume reached 281.2 million shares across 20,369 transactions. The First Market index gained approximately 9.33 points, or 0.10 percent, to reach 9,316 points, with a liquidity value of 45.6 million dinars and a volume of 111.5 million shares executed through 9,594 transactions. Meanwhile, the Main Market index declined by approximately 20.09 points, or 0.22 percent, closing at 8,976 points, with a traded value of 29.7 million dinars and a volume of 169.7 million shares executed through 10,775 transactions.

Regarding the most-traded stocks by value, Baitak ranked first with a value of 11.7 million dinars, closing at a price of 786 fils. It was followed by Al-Taksees with 6.1 million dinars, closing at 156 fils, then Boubyan Petrochemicals with 3.07 million dinars, closing at 690 fils, and Al-Watani with 2.3 million dinars, closing at 867 fils. Zain ranked fifth with 2.2 million dinars, closing at 611 fils.

Thuraya topped the list of the most-gained stocks with a rise of 9.46 percent, trading 7.6 million shares to reach a price of 243 fils. It was followed by Hotels with a 6.15 percent gain, trading 4,700 shares to reach 190 fils, then Warba Capital with a 4.33 percent rise, trading 803,600 shares to reach 796 fils, and Madar with a 4.20 percent increase, trading 2.48 million shares to reach 124 fils. Mansat ranked fifth with a 3.56 percent gain, trading 939,400 shares to reach 233 fils.

On the other hand, Al-Kout’s share price fell by 7.82 percent, leading the list of the most-declining stocks, albeit with a modest trading volume of just 305 shares, closing at 790 fils. It was followed by Gulf Insurance, which dropped 5 percent on a trading volume of 6,600 shares, closing at 1.520 dinars. Next was Awal Takaful, down 3.45 percent on a volume of 756,800 shares, closing at 196 fils. Al-Mushtraka came fifth, falling 3.40 percent on a volume of 441,200 shares, closing at 882 fils, and Al-Sha’abiya rounded out the list, also down 3.40 percent on a volume of approximately 690,300 shares, closing at 256 fils.