Divergent performance of stock market indices with liquidity of 88.4 million dinars

The Kuwait Stock Exchange concluded today’s trading session with mixed performance across its indices. While the “First” and “General” market indices continued their upward trajectory, gains were modest; conversely, the “Main” index experienced a slight decline.

Trading activity was influenced by profit-taking on several stocks following the strong gains recorded in Sunday’s session, during which many equities posted notable increases.

This reduction in activity was reflected in trading liquidity, which fell by 15.7 percent to reach 88.4 million dinars, down from approximately 105 million dinars on Sunday. The First Market accounted for the largest share of this liquidity at 52 percent, while the Main Market’s share rose to 48 percent.

Despite the mixed performance of the indices, several stocks managed to post solid gains. Kuwait Investment topped the list of the most increased stocks in the market with a rise of nearly 5 percent, while Eiva Hotels led the list of the most declined stocks with a drop exceeding 5 percent.

On the broader market level, Maaden topped the list of the most increased stocks with gains surpassing 28 percent. Other notable gainers included Sahel, which rose by more than 10 percent, and Mawashi, which increased by nearly 8 percent.

A total of 130 stocks were traded; prices rose for 57 stocks, fell for 63, and remained stable for 10. Weighted indices rose for eight market sectors, led by the Technology sector with a 9.15 percent increase and the Energy sector with a 3.09 percent gain. Conversely, indices for five sectors declined, led by the Healthcare sector with a 1.50 percent drop and the Consumer Services sector with a 0.80 percent decline.

Regarding specific index performance, the General Market Index rose by approximately 7.52 points, or 0.08 percent, to reach 8,900 points. Trading volume for this index stood at 349.2 million shares, executed through 28,338 transactions.

The First Market Index gained approximately 10.14 points, or 0.11 percent, to reach 9,318 points. It recorded a liquidity value of 46.3 million dinars, with a volume of 129.5 million shares traded across 11,413 transactions.

Meanwhile, the Main Index declined by approximately 2.95 points, or 0.03 percent, closing at 9,105 points. It recorded a traded value of 42.1 million dinars, with a trading volume of 219.7 million shares executed through 16,925 transactions.

As a result, market capitalization gains amounted to approximately 44.6 million dinars, bringing the total market capitalization to roughly 53.25 billion dinars, an increase of 0.08 percent compared to the previous close of approximately 53.21 billion dinars on Sunday.

In terms of most traded stocks by value, Mawashi ranked first with a value of 6.35 million dinars, closing at a price of 225 fils. It was followed by Ahli Bank with 6.12 million dinars, closing at 286 fils. Eiva Hotels ranked third with 4.97 million dinars, closing at 670 fils. Baitak came fourth with 4.46 million dinars, closing at 777 fils, and National International Holding ranked fifth with 4.03 million dinars, closing at 192 fils.

Maaden topped the list of the most increased stocks with a rise of 26.28 percent, trading 15.07 million shares to reach a price of 197 fils. It was followed by Sahel with a 10.49 percent increase, trading 20.86 million shares to reach 88.5 fils. Mawashi ranked third with a 7.66 percent gain, trading 26.46 million shares. Wathiq ranked fourth with a 5.5 percent increase, trading 11.54 million shares to reach 115 fils. Abar ranked fifth with a 5.24 percent rise, trading 9.7 million shares to reach 221 fils.

On the other hand, Ajman Bank shares fell by 7.86 percent, leading the list of the most declining stocks, with a trading volume of 9,339 shares, closing at a price of 129 fils. It was followed by Emaar Hotels by 5.37 percent, with a trading volume of 7.15 million shares, and then Future Kids by 4.59 percent, with a trading volume of 2.86 million shares, closing at a price of 85.2 fils. International National Holding came in fourth, down 4.48 percent, with a trading volume of 20.71 million shares, and fifth was Asas, down 4.04 percent, with a trading volume of approximately 538,000 shares, closing at a price of 190 fils.