Stock market rebounds to recover 51.5% of early-week losses

Stock market indices rebounded during today’s trading session, after declining at the start of this week’s trades, successfully recovering part of the losses incurred, amid a relative improvement in market performance and a return of buying activity for a number of listed shares.

This improvement was supported by the calm currently prevailing in the region, alongside growing optimism regarding the reduced likelihood of a return to military conflict between the United States and Iran. This contributed to bolstering investor sentiment and encouraging buying trends. The benefits of this positive atmosphere were not limited to the local stock market but extended to several regional financial markets, which also witnessed an improvement in their performance.

The market opened with a broad-based rise in its indices, continuing to build gains until 11:00 a.m., before some selling pressure emerged on a number of shares, slightly reducing the gains achieved.

Positive performance coincided with a 52.1 percent increase in circulating liquidity levels, reaching 80.9 million dinars, compared to 53.2 million dinars during Sunday’s session. The First Market captured the largest share of this liquidity, accounting for 61 percent, while the Main Market held the remaining 39 percent.

After resuming trading, Al-Masaken share topped the list of the most rising stocks with gains exceeding 20 percent. Meanwhile, shares of Bayt Al-Taqah, Asas, and Tahasil each rose by more than 8 percent. In the First Market, Makhazen share led the gainers with gains nearing 5 percent, followed by Aayan share, which rose by nearly 4 percent.

A total of 132 shares were traded; 82 rose, 34 fell, and prices for 16 shares remained stable. Weighted indices for most market sectors rose, led by the Insurance sector by 1.75 percent and the Industry sector by 0.81 percent. Indices for two sectors declined: Technology by 13.8 percent and Basic Materials by 0.03 percent, while the Utilities sector’s index remained stable.

Regarding index performance details, the General Market Index rose by approximately 24.22 points, or 0.28 percent, to reach 8,524 points. A total of 331.9 million shares were traded through 20,828 deals. The First Market Index gained approximately 20.20 points, or 0.23 percent, to reach 8,966 points, with liquidity valued at 49.6 million dinars, trading volume of 151.6 million shares, and 8,529 deals.

The Main Index rose by approximately 49.12 points, or 0.58 percent, closing at 8,525 points. The traded value reached 31.3 million dinars, with a trading volume of 180.3 million shares executed through 12,299 deals. As a result, the stock market recovered 51.5 percent of the losses incurred during Sunday’s session, gaining approximately 143.5 million dinars. The market capitalization reached approximately 51.19 billion dinars, up from 51.05 billion dinars, an increase of 0.28 percent.

Regarding the most traded shares by value, Makhazen ranked first with a value of 6.2 million dinars, closing at a price of 156 fils. It was followed by Watania with 5.4 million dinars, closing at 160 fils, then Baytak with 5.2 million dinars, closing at 755 fils, and Al-Watani with 4.8 million dinars, closing at 870 fils. Al-Masaken ranked fifth with a value of 3.6 million dinars, reaching a price of 251 fils.

Al-Masaakin shares led the list of the most-gaining stocks, rising by 20.10 percent, with a trading volume of 13.9 million shares, followed by Bit Al-Taqwa by 8.72 percent, with a traded volume of 14.6 thousand shares, reaching a price of 237 fils, then Asas by 8.62 percent, with a trading volume of 58.6 thousand shares, reaching a price of 189 fils, and Tahseelat by 8.09 percent, with a trading volume of 836.4 thousand shares, reaching a price of 147 fils, and fifth was Tamayyuzat by 7.32 percent, but with only 43 shares traded, reaching a price of 352 fils.

On the other hand, Al-Anzima shares recorded a decline of 13.80 percent, leading the list of the most-declining stocks, with a trading volume of 1.27 million shares, reaching a price of 606 fils, followed by Kamifex by 5.80 percent, with a trading volume of 985.8 thousand shares, dropping to a price of 130 fils, then Mina by 5.22 percent, with a trading volume of 9.8 million shares, closing at a price of 127 fils, and Warba Capital by 3.91 percent, with a trading volume of 118.5 thousand shares, dropping to a price of 737 fils, and fifth was Kufic, by 3.70 percent, with a trading volume of approximately 19.8 thousand shares, closing at a price of 156 fils.