Stock market indices rebound with gains of 500 million dinars

Kuwait Stock Exchange indicators rebounded during the third session of this week’s trading, recovering part of the losses incurred in the previous two sessions amid a return of buying activity, particularly in leading shares.

The indices achieved significant gains, supported by strong buying interest across many stocks, especially leading shares that witnessed substantial increases.

The bourse began trading with a broad-based rise in its indices and continued its gains until around 11:00 a.m., before trimming some of those gains. It later resumed its upward momentum and closed the session with solid increases across its indices.

However, trading liquidity did not keep pace with the indices’ gains, declining by 15.9 percent to reach approximately 66.4 million dinars, compared to 79 million dinars during Monday’s session.

The First Market continued to hold the largest share of total liquidity, accounting for 69 percent, while the Main Market captured the remaining 31 percent.

Many stocks recorded positive performance during the session. Shares listed in the First Market, such as First Fuel, United, and Joint, rose by more than 3 percent each. Meanwhile, Al-Kout topped the list of the most increased stocks across the market overall, surging by more than 24 percent, followed by Al-Khaliji with gains exceeding 11.4 percent, and Al-Safwa with an increase nearing 9 percent.

A total of 132 stocks were traded, with 90 rising, 26 falling, and 16 remaining unchanged. Most of the market’s weighted sector indices advanced, led by the Basic Materials sector, which rose by 5.14 percent, and Insurance, which gained 2.37 percent. In contrast, both the Technology and Consumer Services sectors declined by 0.14 percent each.

In terms of index details, the General Market Index rose by approximately 83.37 points, or 1.00 percent, to reach 8,430 points. A volume of 275.4 million shares was traded through 19,512 transactions.

The First Market Index also gained, rising by 81.69 points, or 0.93 percent, to reach 8,871 points. This session saw liquidity valued at 46 million dinars, with a volume of 155.2 million shares traded through 7,979 transactions.

The Main Market Index declined by approximately 111.73 points, or 1.35 percent, closing at 8,412 points. The traded value amounted to 20.3 million dinars, with a volume of 123.1 million shares executed through 8,175 transactions.

As a result, the bourse’s market capitalization gained approximately 500 million dinars, reaching 50.63 billion dinars, an increase of 1 percent compared to the 50.13 billion dinars recorded during Monday’s session.

Regarding the most traded stocks by value, Makhazen ranked first with a value of 7.4 million dinars, closing at a price of 151 fils. It was followed by Baytak at 7.3 million dinars, closing at 750 fils, then Al-Watani at 7.1 million dinars, closing at 855 fils, and Watania at 6.5 million dinars, closing at 150 fils. Fifth place went to Burqan with 2.9 million dinars, closing at 172 fils.

Al-Kout topped the list of the most increased stocks, rising by 26.24 percent, with a trading volume of 9,400 shares, closing at a price of 813 fils. It was followed by Al-Khaliji, which rose by 11.43 percent, with a traded volume of 1.86 million shares, closing at 351 fils. Al-Safwa came third, gaining 8.77 percent, with a volume of 18.76 million shares, closing at 124 fils. Nabisco ranked fourth, rising by 7.17 percent, with a volume of 19,050 shares, closing at 1.449 dinars. Fifth place went to Gulf Insurance, which increased by 5.85 percent, with a volume of 197 shares, closing at 1.338 dinars.

On the other hand, Amman Qawasim shares fell by 8.15 percent, leading the list of the most declining stocks, with a trading volume of 6,950 shares, closing at a price of 124 fils. It was followed by Hotels, which dropped by 3.68 percent, albeit with a trading volume of only 750 shares, falling to a price of 183 fils. Next came Cables, down 3.15 percent, with a trading volume of 150,200 shares, closing at 1.505 fils. Privacy shares fell by 2.40 percent, with a trading volume of 390,900 shares, dropping to 244 fils. Fifth was Al-Sour, down 2.14 percent, with a trading volume of approximately 23,600 shares, closing at 274 fils.