Kuwait Stock Exchange liquidity rises 10.6% to 144.2 million dinars

The Kuwait Stock Exchange ended the second-to-last trading session of the week on a mixed note, with some sectors still experiencing relative selling pressure that affected the movement of several stocks during the session.

Both the First Market and General Market indices declined slightly, while the Main Market index also rose modestly amid investor anticipation for the U.S. Federal Reserve’s decision, as well as the expected implementation of the FTSE Russell and Standard & Poor’s reviews today, and the potential investment flows they may trigger in a number of stocks.

Trading liquidity rose by 10.6 percent to approximately 144.2 million dinars, compared with 130.4 million dinars in yesterday’s session. The First Market regained the largest share of total liquidity at 52 percent, while the Main Market accounted for the remaining 48 percent.

A number of stocks continued to record strong performance. EFA led the gainers in the First Market, with its rise exceeding 9.6 percent, while Arzan shares rose by more than 2.5 percent. In the Main Market, several listed stocks continued to post outstanding performance, with Midan shares rising by about 14 percent, followed by Al-Khaliji, which gained approximately 9 percent, while Mena shares recorded gains close to 8 percent.

In terms of index performance details, the General Market index fell by about 3.95 points, or 0.04 percent, to reach 8,942 points, with 504 million shares traded through 32,435 transactions.

The First Market index declined by about 12.15 points, or 0.13 percent, to reach 9,283 points, with liquidity of 74.4 million dinars and volumes of 191.4 million shares traded through 11,355 transactions.

Meanwhile, the Main Market index rose by about 33.63 points, or 0.35 percent, to close at 9,516 points, with traded value of 69.7 million dinars and trading volume of 312.6 million shares executed through 21,080 transactions.

Among the most actively traded stocks by value, EFA ranked first with 17.5 million dinars, reaching a price of 433 fils, followed by Arzan with 12.8 million dinars, reaching 319 fils, then Olaya Takaful with 12.4 million dinars, closing at 675 fils, Future Kid with 6.09 million dinars, reaching 150 fils, and fifth, Markaz with 4.4 million dinars, reaching 329 fils.

Midan topped the list of the highest-gaining stocks, rising by 13.78 percent, but with only 355 shares traded, reaching a price of 966 fils. It was followed by EFA, up 9.62 percent with 41.4 million shares traded, then Al-Khaliji, up 9 percent with 4.8 million shares traded, reaching 872 fils, Mena, up 7.94 percent with 25.2 million shares traded, reaching 136 fils, and fifth, Wataniya M, up 7.52 percent with 10 million shares traded, reaching 286 fils.

On the other side, Future Kid recorded a decline of 6.25 percent, topping the list of the most declining stocks with 38.9 million shares traded. It was followed by Ammar, down 5.08 percent with 16.9 million shares traded, falling to 112 fils, then E Real Estate, down 4.76 percent with 4.3 million shares traded, closing at 180 fils, Sanergy, down 4.26 percent with 766,500 shares traded, falling to 247 fils, and fifth, Shuayba, down 4.18 percent with about 218,000 shares traded, closing at 252 fils.