Stock Market Indicators Stabilize with 89.3 Million Dinars in Liquidity

The Kuwait Stock Exchange concluded today’s session with a slight divergence in its indices’ performance, characterized more by stability than by significant fluctuation. The First Market Index recorded a very limited increase, while both the Main Market Index and the General Market Index experienced modest declines.

The relative calm that prevailed overnight, marked by the absence of harsh statements between the American and Iranian sides regarding the war, along with continued positive mediation efforts, reflected positively on the performance of regional markets, including the Kuwait market, amid anticipation of developments in the coming period.

Some stocks rebounded to record varying degrees of gains after the losses they suffered during Sunday’s session, particularly bank stocks, while some small and mid-cap stocks continued to show notable performance and profits. Petroleum Company topped the list of the most rising stocks with a gain of 10 percent.

Traded liquidity decreased by 2.3 percent to reach approximately 89.3 million dinars, compared to 91.5 million dinars in Sunday’s session. The First Market continued to capture the largest share of this liquidity at 53 percent, while the Main Market took the remaining 47 percent.

A total of 132 stocks were traded, with prices rising for 44 stocks, falling for 66 stocks, and remaining stable for 22 stocks. Most weighted sector indices in the market declined, led by the Consumer Goods sector down 9.32 percent and the Insurance sector down 2.31 percent. Conversely, three sectors saw gains: Energy up 2.81 percent, Utilities up 0.74 percent, and Banks up 0.32 percent, while the Healthcare sector’s index remained stable.

Regarding index performance details, the General Market Index fell by approximately 1.61 points, equivalent to 0.02 percent, reaching a level of 8,846 points, with a trading volume of 303.3 million shares executed through 22,016 transactions.

The First Market Index rose by approximately 1.10 points, or 0.01 percent, to reach 9,183 points, with a liquidity value of 47.6 million dinars and a volume of 134.3 million shares executed through 8,981 transactions.

The Main Market Index declined by approximately 14.78 points, or 0.16 percent, closing at 9,420 points, with a traded value of 41.6 million dinars and a volume of 169 million shares executed through 13,035 transactions.

Regarding the most traded stocks by value, Al-Dajani (Cleaning) ranked first with a value of 7.4 million dinars, reaching a price of 319 fils, followed by Evas with 6.7 million dinars, stabilizing at a price of 433 fils, then Byblos Bank with 5.2 million dinars, closing at a price of 770 fils, and first Takaful with 4.6 million dinars, reaching a price of 658 fils, and fifth Arzan with 4.4 million dinars, reaching a price of 306 fils.

Petroleum Company topped the list of the most rising stocks with a gain of 9.95 percent, trading 47.1 thousand shares to reach a price of 840 fils, followed by Shuwaikh with a 3.69 percent gain, trading 454.6 thousand shares to reach a price of 253 fils, then Al-Khaliji with a 3.50 percent gain, trading 3.8 million shares to reach a price of 917 fils, and Parks with a 3.20 percent gain, trading 4 million shares to reach a price of 129 fils, and fifth Watania Insurance with a 3.14 percent gain, trading 3.9 million shares to reach a price of 296 fils.

On the other hand, Al-Anzima shares fell by 9.32 percent to top the list of the most declining stocks, with a trading volume of 1.1 million shares, closing at a price of 1.440 dinars. It was followed by Hotels by 7.51 percent, with a trading volume of 42,700 shares, dropping to a price of 234 fils, and then Gulf Insurance by 4.79 percent, but with a trading volume of only 278 shares, closing at a price of 1.332 dinars, and Al Uqair by 4.70 percent, with a trading volume of 51,100 shares, dropping to a price of 142 fils, and fifth was Ittehad, by 3.08 percent, with a trading volume of approximately 394,200 shares, closing at a price of 252 fils.