Bourse Continues Mixed Performance with 56 Million KD Liquidity

The Kuwait Stock Exchange maintained its mixed performance for the second consecutive session during today’s trading. Both the First Market Index and the General Market Index closed with slight gains, while the Main Market Index experienced a limited decline.

Trading sessions witnessed fluctuations between gains and losses, with several stocks shifting between positive and negative territory. However, the stability of leading stocks helped support the First Market Index, which in turn positively influenced the General Market Index, allowing it to retain its modest gains by the end of the session.

This stability in leading stocks coincided with the approaching deadline for the release of financial results for the first nine months of the current year, amid expectations of positive outcomes. This has heightened anticipation regarding corporate performance in the coming period, particularly since profit growth could positively impact annual cash dividends and provide additional support to stocks with strong fundamentals.

Conversely, some stocks listed on the Main Market suffered notable declines, despite limited trading volumes. This exerted pressure on the index’s performance, keeping it in negative territory.

In the First Market, the stock of Makhazen topped the gainers’ list, rising by nearly 3 percent, followed by Al-Mabani, which increased by over 2.4 percent. In the Main Market, several stocks posted positive performance, although some gains were achieved through limited trading volumes. Al-Kout rose by approximately 10 percent, while gains for Ajyal and Gulf Insurance exceeded 4 percent each.

Traded value recorded a noticeable decline, contrary to its usual mid-week trends, dropping by 20.6 percent to reach approximately 56 million Kuwaiti dinars, compared to 70.6 million dinars in yesterday’s session.

The First Market continued to capture the largest share of this liquidity, accounting for 61 percent, while the Main Market held the remaining 39 percent.

A total of 135 stocks were traded; 44 rose, 78 fell, and prices remained stable for 13 stocks. Weighted indices for nine sectors in the market advanced, led by the Technology sector with a 2.41 percent increase and Basic Materials with a 1.18 percent rise. Meanwhile, indices for four sectors declined, headed by the Healthcare sector, which fell by 3.77 percent, and Consumer Services, which dropped by 0.89 percent.

Regarding index details, the General Market Index rose by approximately 5.31 points, equivalent to 0.06 percent, reaching a level of 8,654 points. A total of 205 million shares were traded across 15,731 transactions.

The First Market Index gained approximately 10.26 points, or 0.11 percent, reaching a level of 9,070 points. It recorded a traded value of 34.1 million dinars, with volumes of 97.7 million shares executed through 6,871 transactions.

The Main Market Index declined by approximately 16.62 points, or 0.19 percent, closing at 8,810 points. It recorded a traded value of 21.9 million dinars, with trading volumes of 107.2 million shares executed through 8,860 transactions.

Regarding the most actively traded stocks by value, Baitak ranked first with a value of 4.19 million dinars, closing at a price of 770 fils. It was followed by Eiva with 3.4 million dinars, closing at 474 fils, then Watania with 2.77 million dinars, closing at 139 fils, and Tanzeef with 2.68 million dinars, closing at 340 fils. Fifth was Al-Taksees with 2.58 million dinars, reaching a price of 184 fils.

Al-Kout shares led the list of the most-gained stocks, rising 9.79 percent, albeit with only 13 shares traded, reaching a price of 796 fils. They were followed by Ajeel, up 4.70 percent, with just 533 shares traded, closing at 312 fils, then Gulf Insurance, up 4.51 percent, with 9,700 shares traded, reaching a price of 1.298 dinars, and Watania, up 3.73 percent, with 20.2 million shares traded. Fifth was Bapco, up 3.27 percent, with 202,400 shares traded, reaching a price of 790 fils.

On the other side, Amtyaz shares recorded a decline of 22.39 percent, leading the list of the most-declined stocks, albeit with only 834 shares traded, closing at 312 fils. They were followed by Hotels, down 8.26 percent, with 43,300 shares traded, dropping to a price of 200 fils, then Umm Al-Quwain, down 6.29 percent, with 52,300 shares traded, closing at 134 fils, and Madinat, down 6.01 percent, with 1,794 shares traded, dropping to a price of 860 fils. Fifth was Injazat, down 4.73 percent, with approximately 1,071 shares traded, closing at 141 fils.