344.9 million dinars in weekly stock market liquidity

The Kuwait Stock Exchange concluded the week’s trading with mixed performance across its indices. The First Market Index rose individually and slightly, while the Main Market Index declined, resulting in a modest downturn for the General Market Index.

The Main Market Index led the weekly losses, falling by approximately 1.83 percent, equivalent to 165.65 points. In contrast, the First Market Index recorded a slight increase of 0.016 percent, or 1.53 points. Consequently, the General Market Index closed the week with a decline of 0.30 percent, having gained 26.67 points.

As a result, the market capitalization of the exchange lost approximately 169.2 million dinars, dropping to 52.88 billion dinars, a decrease of 0.31 percent compared to a liquidity value of 53.05 billion dinars at the end of the week concluding on the 6th.

Market variables showed mixed performance. The traded value decreased by 4.9 percent to reach 344.9 million dinars, compared to a liquidity of 362.9 million dinars. The First Market captured the largest share of this liquidity at 57 percent, while the Main Market accounted for the remaining 43 percent.

Traded volumes increased by 0.06 percent to reach 1.28 billion dinars. The number of transactions also rose by 6.4 percent, totaling 95,647 deals, compared to 89,876 deals previously.

On Thursday’s session, all indices declined at varying rates amid limited profit-taking that affected several stocks following their gains during Wednesday’s session.

Despite the overall negative performance, many stocks posted positive results. The "Makhazen" stock led the most increased stocks in the First Market with a rise exceeding 3 percent, while "Buyut" topped the list of most declined stocks in the same market with a drop exceeding 2 percent.

Across the market as a whole, "Al-Taksees" ranked first among the most increased stocks with a rise exceeding 7 percent, followed by "Arkam," "Markaz," and "Al-Khaliji," all with increases exceeding 6 percent. Meanwhile, "Tamdeen Investment" led the most declined stocks with a drop nearing 30 percent, although this decline occurred through limited trading volumes.

Traded liquidity increased by 4.8 percent to reach 71.1 million dinars, compared to 67.8 million dinars during Wednesday’s session, with the First and Main Markets sharing this liquidity equally.

A total of 131 stocks were traded; prices rose for 48, fell for 61, and remained stable for 22. Weighted indices for seven sectors in the market declined, led by the Utilities sector by 4.08 percent and Technology by 1.57 percent. Conversely, indices for five sectors rose, led by the Basic Materials sector by 0.86 percent and Industry by 0.64 percent.

In detail, the General Market Index fell by approximately 21.68 points, equivalent to 0.24 percent, to reach 8,838 points. A total of 268.4 million shares were traded through 20,801 deals.

The First Market Index declined by approximately 15.59 points, or 0.17 percent, to reach 9,297 points, with a liquidity of 35.3 million dinars and volumes of 96.5 million shares traded through 8,911 deals.

The Main Market Index lost approximately 55.60 points, or 0.63 percent, closing at 8,838 points with a traded value of 35.7 million dinars and a trading volume of 171.9 million shares executed through 11,890 deals.

Consequently, the exchange’s capital value recorded losses worth 130 million dinars, reaching 52.88 billion dinars, a decrease of 0.24 percent compared to 53.01 billion dinars at the end of Wednesday’s session.

In terms of trading value, Al-Taksees stock ranked first with 6.48 million dinars, closing at 174 fils, followed by Bitak with 5.07 million dinars, reaching a price of 776 fils, then Makhazen with 4.06 million dinars, closing at 152 fils, and Al-Watani with 2.86 million dinars, reaching 872 fils. Fifth was Arkan with 2.81 million dinars, closing at 328 fils.

Al-Taksees topped the list of the most appreciated stocks, rising by 7.41 percent, with 38.1 million shares traded. Arkan followed with a 6.84 percent gain, trading 8.75 million shares. Mراكز came third with a 6.59 percent increase, trading 6.31 million shares, closing at 194 fils. Al-Khaliji ranked fourth with a 6.26 percent rise, trading 5.09 million shares, reaching 560 fils. Fifth was Hotels, up 3.85 percent, with 5,100 shares traded, closing at 189 fils.

On the other hand, Tamdeen Investment stock recorded a decline of 29.92 percent, topping the list of the most depreciated stocks, albeit with only 210 shares traded, closing at 869 fils. Ajyal followed with a 4.22 percent drop, trading 57,990 shares, falling to 295 fils. Shimal Al-Zour came third with a 4.08 percent decrease, trading 4.16 million shares, closing at 141 fils. Unicap ranked fourth with a 3.48 percent decline, trading 1.54 million shares, dropping to 277 fils. Fifth was Al-Sour, down 3.31 percent, trading approximately 328,400 shares, closing at 292 fils.