37% growth in weekly stock market liquidity to 472.5 million dinars

The Kuwait Stock Exchange concluded its weekly trading with mixed performance across market indices. The main market index managed to post an isolated gain, while the First Market index experienced a slight decline, resulting in a marginal drop for the General Market index.

Trading activity during the week was characterized by volatility in index performance, amid ongoing uncertainty in the regional landscape. This ambiguity persisted following the expiration of the 60-day ceasefire period agreed upon between the United States and Iran, with no clear indicators emerging regarding the resolution of the tensions affecting the region. Furthermore, intermittent mutual statements continued to influence stock movements and overall market performance.

Despite these conditions, the main market index achieved gains of approximately 1.69 percent, equivalent to 150.12 points. In contrast, the First Market index declined by a limited 0.6 percent, or 58.14 points. Consequently, the General Market index recorded a decrease of 0.23 percent, losing approximately 20.69 points.

As a result, the market capitalization of the exchange lost approximately 123.8 million dinars, settling at 52.76 billion dinars—a decline of 0.23 percent compared to the liquidity level of 52.88 billion dinars at the close of the week ending on the 13th.

All market variables rose, with the traded value reaching approximately 472.5 million dinars, up from 344.9 million, representing a 37 percent increase. The First Market captured the largest share of this liquidity at 55 percent, while the main market accounted for the remaining 45 percent.

Traded volumes increased by 38.7 percent to reach 1.78 billion dinars, compared to 1.28 billion previously. The number of transactions also rose by 22.8 percent, totaling 117,466 deals, up from 95,647.

In the final session of the week, the exchange closed with mixed index performance: the main market index rose, while the First Market and General Market indices posted slight declines.

Trading began the session with a broad rise across all indices, before volatility set in with fluctuations between gains and losses throughout the day, ending the session with mixed results.

Several stocks showed notable positive performance despite the mixed trend. Eva Hotels shares led the list of top gainers with an increase exceeding 13 percent, followed by Tamdeen Investment shares, which rose by approximately 10 percent. Conversely, Tijara shares continued to lead the list of biggest decliners, falling by 4.6 percent.

Traded liquidity decreased by 8.3 percent to reach 94.6 million dinars, compared to 103.2 million dinars during Wednesday’s session. The First Market captured the largest share of this liquidity at 58 percent, while the main market took the remaining 42 percent.

A total of 132 stocks were traded; prices rose for 57 of them, fell for 60, and remained stable for 15. Index weights rose for seven sectors, led by the Technology sector with a 5.22 percent gain and the Basic Materials sector with a 0.66 percent increase. Meanwhile, indices for six sectors declined, headed by the Consumer Goods sector with a 2.11 percent drop and the Benefits sector with a 0.71 percent decline.

Regarding detailed index performance, the General Market index recorded a decline of approximately 3.02 points, or 0.03 percent, to reach 8,818 points. During this session, 346.3 million shares were traded through 25,780 deals.

The First Market Index fell by approximately 8.08 points, or 0.09 percent, to close at 9,239 points, with a trading value of 54.7 million dinars, a volume of 152.9 million shares, executed through 12,596 transactions.

Meanwhile, the Main Index rose by about 20.02 points, representing a 0.22 percent increase, to close at 8,988 points, with a traded value of 39.9 million dinars, a trading volume of 193.4 million shares, and 13,184 transactions.

Regarding the most actively traded stocks by value, Arkan topped the list with a value of 6.26 million dinars, closing at a price of 359 fils, followed by Ahli Bank with 5.60 million dinars, closing at 285 fils, then Bitak with 5.03 million dinars, closing at 770 fils, and Aayan with 4.12 million dinars, closing at 279 fils. Fifth was Eiva Hotels with 3.68 million dinars, reaching a price of 627 fils.

Eiva Hotels shares led the list of the most rising stocks, gaining 13.18 percent, with a trading volume of 6.15 million shares, closing at 627 fils. They were followed by Tamdeen Investment by 9.98 percent, with a trading volume of just 1,000 shares, closing at 1.157 dinars, then Osool by 7.83 percent, with a trading volume of 2.16 million shares, closing at 248 fils, and Arkan by 6.53 percent, with a trading volume of 17.79 million shares. Fifth was Al-Anzima by 5.22 percent, with a trading volume of 1.46 million shares, closing at 1.351 dinars.

On the other hand, Tijara shares recorded a decline of 4.62 percent, leading the list of the most falling stocks, with a trading volume of 21.56 million shares, closing at 124 fils. They were followed by KAMCO by 4.41 percent, with a trading volume of 182.2 thousand shares, dropping to a price of 195 fils, then Mashael by 4.20 percent, with a trading volume of 2.01 million shares, closing at 137 fils, and Imtiazat by 4.06 percent, with a trading volume of just 1,165 shares, dropping to 331 fils. Fifth was Al-Sour by 3.45 percent, with a trading volume of about 95.1 thousand shares, closing at 280 fils.