103.2 million dinars in stock market liquidity... highest in two months

Kuwait Stock Exchange indices recorded a broad rebound during the session on Tuesday, the penultimate trading day of the week, recovering part of their gains after a series of sessions marked by volatility, divergence, and declining performance.

Trading activity was notable, with turnover exceeding the 100 million dinar threshold to reach approximately 103.2 million dinars, its highest level in about two months, specifically since the session on June 21, when turnover stood at around 106 million dinars.

Turnover was up by 4.8 percent compared to 98.7 million dinars in yesterday’s session. The First Market continued to capture the largest share of liquidity at 52 percent, while the Main Market’s share rose to 48 percent.

The session saw gains for several stocks, led by Mizan and Awal Fuels, each rising by more than 3 percent and topping the list of the most increased stocks in the First Market. On the Main Market, positive movements were evident in several small and mid-cap stocks, despite limited trading volumes in some cases. Gulf Insurance topped the list of the most increased stocks with gains exceeding 18 percent, followed by Diggit with an increase of nearly 10 percent. Meanwhile, Tijara continued to lead the list of the most declined stocks, dropping by more than 7 percent.

A total of 129 stocks were traded; prices rose for 57, fell for 54, and remained unchanged for 18. Weighted indices rose for nine sectors in the market, led by the Insurance sector by 6.94 percent and Consumer Goods by 3.63 percent. Conversely, indices fell for three sectors: Industry, Healthcare, and Energy, by 0.94, 0.64, and 0.62 percent, respectively, while the Utilities sector index remained stable.

In terms of performance details, the General Market Index gained approximately 47.14 points, or 0.54 percent, to reach 8,821 points. A total of 389.4 million shares were traded across 25,818 deals. The First Market Index rose by approximately 36.94 points, or 0.40 percent, to reach 9,247 points, with a turnover of 54.1 million dinars, trading volumes of 153.9 million shares, and 11,702 deals.

The Main Market Index led the gains, rising by approximately 106.48 points, or 1.20 percent, to close at 8,968 points. The traded value reached 49.1 million dinars, with a volume of 235.5 million shares executed through 14,116 deals.

As a result, the market’s gains amounted to approximately 281.9 million dinars, bringing the total market capitalization to 52.78 billion dinars, compared to 52.5 billion dinars in yesterday’s session, representing an increase of 0.53 percent.

Regarding the most traded stocks by value, Bitak ranked first with a value of 6.8 million dinars, closing at 772 fils. It was followed by Al-Watani with 6.2 million dinars, closing at 853 fils, then Al-Daira with 5.7 million dinars, closing at 480 fils, and Makhazen with 5.2 million dinars, closing at 156 fils. Fifth was Arkan with 5.2 million dinars, closing at 337 fils.

Gulf Insurance topped the list of the most increased stocks with a rise of 18.43 percent, trading 4,800 shares to reach a price of 1.433 dinars. It was followed by Diggit by 9.88 percent, with a traded volume of 945,200 shares, reaching a price of 1.880 dinars. Then came Umm Al-Quwain by 8.53 percent, trading 1,300 shares to reach a price of 140 fils, and Mawashi by 7.69 percent, trading 6.6 million shares to reach a price of 140 fils. Fifth was Al-Sour by 4.69 percent, trading 134,000 shares to reach a price of 290 fils.

On the other hand, Tijara shares fell by 7.14 percent to top the list of the most declining stocks, with a trading volume of 21.4 million shares, closing at a price of 130 fils. It was followed by Shuaiba, which dropped by 5.91 percent on a trading volume of 729,100 shares, falling to 239 fils, then by Future Kid, down 4.35 percent with a trading volume of 4.8 million shares, closing at 88 fils, and by Aabar, which declined by 4.09 percent on a trading volume of 9.5 million shares, dropping to a price of 211 fils. Fifth was Al Bayt, down 3.78 percent, with a trading volume of approximately 3.3 million shares, closing at 79 fils.