Kuwait Stock Exchange loses 489.5 million dinars in a week... Liquidity drops 24%

The Kuwait Stock Exchange concluded this week’s trading session with losses, despite a positive shift in the market during the second half of the week, which succeeded in halting the streak of consecutive declines. However, the gains in the recent sessions were insufficient to offset the pressures the stocks faced at the beginning of the week.

The market capitalization of the Kuwait Stock Exchange lost approximately 489.5 million dinars during the week, dropping from 52.189 billion dinars at the end of the previous week to around 51.7 billion dinars, a decline of nearly 0.94%.

The week witnessed a clear decline in trading activity compared to the previous week, with trading volume reaching approximately 362.24 million dinars, down from 476.18 million, a decrease of 113.93 million dinars or about 23.9%.

Trading volumes fell by 22.3% to 1.302 billion shares, compared to 1.677 billion shares in the previous week, while the number of trades declined by approximately 12.1%, from 115.27 thousand trades to 101.33 thousand trades.

The First Market accounted for approximately 217.72 million dinars, representing nearly 60% of the total stock exchange liquidity, compared to 144.53 million dinars for the Main Market.

Liquidity in the First Market declined by about 22% from 279.09 million, while the drop was larger in the Main Market, where its trading volume fell by approximately 26.7% from 197.09 million.

Regarding the closing session of the current week, the Kuwait Stock Exchange ended Thursday’s trading with mixed results. The General Market Index fell 0.40%, equivalent to 34.79 points, to 8,632.71 points, and the First Market Index declined 0.35% to 9,032.36 points. The Main Market Index also lost 0.66%, closing at 8,860.03 points, while the “Main 50” Index bucked the trend, rising 0.27% to 10,084.29 points.

Liquidity for the session reached approximately 84.39 million dinars, through the trading of 282.87 million shares across 21.11 thousand trades. “Ittihad” led the rising stocks with a 5.42% gain, followed by “GFH” with a 2.4% increase, and “Salihia” with a 1.41% rise. Meanwhile, “Eva” led the decliners with a 2.41% drop, followed by “Al Jazira” with a 1.95% decline and “Ahli” with a 1.64% drop.

“Eva” topped the list of stocks by trading value with approximately 8.38 million dinars, followed by “Boubyan” with approximately 7.09 million and “Watani” with 4.45 million dinars.

Sector-wise, the balance tilted toward declines, with six sectors falling. Insurance led the declines with a 4.21% drop, followed by Consumer Goods with a 1.83% decrease, while six sectors rose, led by Technology with a 2.80% increase and Basic Materials with a 1.13% rise. The Utilities sector remained unchanged.