Kuwait Stock Exchange Continues Decline Mid-Session... 'Main 50' Index Down 0.47%
Kuwait Stock Exchange continues its decline during Monday's mid-session trading, with the Main 50 index dropping by 0.47%
Translated by Qiyas from الجريدة — Original source
The Kuwait Stock Exchange continued its downward performance at midday on Monday, the second trading session of the week, with sustained pressure on market indices, albeit at a more subdued pace compared to Friday’s close. The Main 50 Index recorded the largest losses among indices, declining by 0.47%.
This follows the trend established at the close of Sunday’s session, when the General Index closed down 0.27%, the First Market Index fell 0.32%, the Main Index dropped 0.06%, and the Main 50 Index declined by 0.54%. Movements during Monday’s midday session indicate a relative easing of the decline in the General, First Market, and Main indices, while pressure remained more pronounced on the Main 50 Index segment.
Trading volume reached approximately 19.76 million Kuwaiti dinars by midday, involving 72.14 million shares executed across 6,432 transactions.
Liquidity levels at midday reflected a cautious sentiment, with no broad-based buying momentum capable of pushing the indices back into positive territory thus far. Conversely, the decline rates in the main indices did not reflect sharp selling pressure, as losses in the General and First Market indices remained limited to less than 0.1%.
Boubyan Bank topped the list of most actively traded stocks by value, with approximately 2.45 million dinars, followed by Nur with around 919,700 dinars, then Safwa with about 906,300 dinars, and Evas with roughly 830,000 dinars. Watani’s trading volume reached approximately 778,000 dinars.
The midday picture reflects the continued anticipation and caution observed at the start of the week, albeit with reduced pressure on the major indices compared to Sunday’s session.
