Calm Stock Market Trading with 87.5 Million Dinars in Liquidity
Slight collective rise in Kuwait Stock Exchange indices amid investor caution
Translated by Qiyas from الجريدة — Original source
Kuwait Bourse opened today with a slight broad-based rise in its indices, as investors awaited a number of factors influencing trading activity, foremost among them the closing of the third quarter of the year, alongside monitoring developments in regional affairs and any new updates in the coming period, which has imposed a cautious stance on investors’ decisions and market trends.
The session was not devoid of fluctuations between limited gains and losses, as indices moved within narrow ranges in a session characterized by relative calm compared to previous trading levels. Some selling pressure emerged on a number of stocks during trading, but this pressure did not spread widely across the broader market.
Total liquidity traded during the session amounted to approximately 87.58 million dinars, with the First Market capturing the largest share at 51 percent, while the Main Market accounted for the remaining 49 percent.
Despite the calm trading pace, several stocks posted positive performance. Al-Sabkha stock led the list of the most increased stocks on the market with a rise of nearly 8 percent, followed by Sahel stock, which rose by more than 6 percent.
Conversely, Al-Khaliji stock led the list of the most declined stocks with a drop exceeding 6 percent, while Taseelat stock fell by more than 4 percent.
A total of 132 stocks were traded, with prices rising for 57 stocks, falling for 52 stocks, and remaining stable for 23 stocks. Weighted indices rose for nine market sectors, led by the Utilities sector by 1.48 percent and the Insurance sector by 1.30 percent. Meanwhile, indices for two sectors declined: Energy by 1.46 percent and Industry by 0.30 percent, while prices in the Healthcare sector remained stable.
Regarding index performance details, the General Market Index rose by approximately 7.77 points, equivalent to 0.09 percent, reaching a level of 8,844 points. A volume of 414.8 million shares was traded through 20,383 deals.
The First Market Index gained approximately 8.66 points, or 0.09 percent, reaching a level of 9,235 points, with a liquidity value of 44.7 million dinars and a volume of 116 million shares, executed through 6,032 deals.
The Main Index rose by approximately 5.44 points, or 0.06 percent, closing at a level of 9,164 points, with a traded value of 42.8 million dinars and a trading volume of 298.7 million shares, executed through 14,351 deals.
Regarding the most traded stocks by value, Sahel stock ranked first with a value of 13.2 million dinars, reaching a price of 93.6 fils. It was followed by Baitak with 4.5 million dinars, reaching a price of 774 fils, then Bank of Kuwait and the World (Boubyan) with 3.5 million dinars, closing at a price of 686 fils, and EFG Hermes (Eva) with 3.4 million dinars, reaching a price of 448 fils. Fifth was Awal Takaful with 2.8 million dinars, reaching a price of 660 fils.
Al-Sabkha stock led the list of the most increased stocks by 7.84 percent, with 557.8 thousand shares traded, reaching a price of 440 fils. It was followed by Sahel by 6.24 percent, with a traded volume of 139.4 million shares, then Gulf Insurance by 4.54 percent, with 1,973 shares traded, reaching a price of 1.336 dinars, and Asas by 4.52 percent, with 130.5 thousand shares traded, reaching a price of 185 fils. Fifth was Mubadil by 3.66 percent, with 4.04 million shares traded, reaching a price of 170 fils.
On the other hand, Al Khaleej shares fell by 6.24 percent, leading the list of the most declining stocks, with a trading volume of 3.2 million shares, closing at a price of 436 fils. It was followed by Tasjeelat by 4.17 percent, with a trading volume of 652.7 thousand shares, dropping to a price of 253 fils, then by Petroliac by 3.89 percent, with a trading volume of 48.9 thousand shares, closing at a price of 766 fils, and Al Uqair by 3.57 percent, with a trading volume of 74.2 thousand shares, dropping to a price of 135 fils, and fifth was Etihad, by 3.54 percent, with a trading volume of approximately 573.4 thousand shares, closing at a price of 245 fils.
