Active trading pushes stock market liquidity to 106.8 million dinars

The Kuwait Stock Exchange maintained its mixed performance across its indices during today’s session, which was the penultimate trading day of the week. Both the First Market and General Market indices closed with slight gains, while the Main Market index recorded a modest decline, amid divergent movements among individual stocks as investors continued buying and selling activities in several names.

Liquidity witnessed notable activity during the session, rising by 20.6 percent to reach 106.8 million dinars, compared to approximately 88.4 million dinars in Monday’s session, thereby surpassing the 100 million dinar threshold once again, signaling an increase in trading momentum.

The First Market continued to dominate, capturing the largest share of liquidity at 58 percent, while the Main Market accounted for the remaining 42 percent.

The First Market saw positive movements in several stocks, led by Al Bahr Group, with Kuwait Real Estate rising by about 6 percent and Arzan gaining more than 5 percent, while Eiva Hotels climbed by approximately 3 percent.

In the market as a whole, Hotels stock topped the list of the most-gained stocks, recording gains of nearly 20 percent, followed by Yopak, which rose by over 8 percent, while a group of other stocks posted varied increases during the session.

Conversely, Mawashi stock led the list of the most-declined stocks, dropping by nearly 21 percent, along with Gulf Insurance, which fell by more than 14 percent; however, the latter’s decline occurred through limited trading, while the rest of the declining stocks showed mixed movements.

Regarding index performance details, the General Market index rose by approximately 1.49 points, equivalent to 0.02 percent, reaching a level of 8,901 points, with 393.3 million shares traded through 29,181 transactions.

The First Market index gained approximately 2.76 points, or 0.03 percent, reaching a level of 9,321 points, with liquidity valued at 62 million dinars, trading volumes of 159.4 million shares, executed through 11,900 transactions.

Meanwhile, the Main Market index declined by approximately 4.12 points, or 0.05 percent, closing at 9,101 points, with a traded value of 44.7 million dinars and a trading volume of 233.9 million shares, executed through 17,281 transactions.

As a result, market capitalization gains amounted to approximately 58.5 million dinars, bringing the bourse’s total market value to around 53.31 billion dinars, an increase of 0.11 percent compared to the level of approximately 53.25 billion dinars recorded at the close of Monday’s session.

Regarding the most-traded stocks by value, Kuwait Real Estate ranked first with a value of 6.85 million dinars, reaching a price of 358 fils, followed by Eiva at 5.64 million dinars, reaching a price of 355 fils, then Eiva Hotels at 5.64 million dinars, closing at a price of 690 fils, and Mawashi at 5 million dinars, reaching a price of 178 fils, with Bitak ranking fifth at 4.89 million dinars, reaching a price of 775 fils.

Hotels stock topped the list of the most-gained stocks, rising by 19.57 percent, with 1.09 million shares traded, reaching a price of 220 fils, followed by Yopak by 8.05 percent, with 2.45 million shares traded, reaching a price of 255 fils, then Al-Anzima by 6.44 percent, with 1.13 million shares traded, reaching a price of 1.553 dinars, and Emirates by 6.38 percent, with 5.23 million shares traded, reaching a price of 150 fils, with Kuwait Real Estate ranking fifth by 5.92 percent, with 19.54 million shares traded.

On the other hand, Mawashi shares recorded a decline of 20.89 percent, leading the list of the most-declining stocks with a trading volume of 26.42 million shares. It was followed by Gulf Insurance, which fell by 14.21 percent on a volume of 3,500 shares, dropping to a price of 1.304 dinars. Next was Al Kout, down 4.91 percent on a volume of just 599 shares, closing at 832 fils. Al Mu’addat came fifth with a 4.07 percent decline on a volume of 1.95 million shares, falling to 212 fils, and finally Imtiazat, which dropped 3.79 percent on a volume of only 45 shares, closing at 355 fils.