Stock Market in the Green

After two days of declines, the stock market posted capital gains of 92 million dinars yesterday, reaching 52.636 billion dinars compared to 52.544 billion dinars. Eight sectors led the market higher, and the main indices of the Kuwait Stock Exchange rose at the close of trading yesterday, coinciding with gains in eight sectors. Both the First Market Index and the General Index increased by the same rate of 0.18%, while the Main 50 Index rose by approximately 1.10%, and the Main Index grew by 0.15% compared to Monday’s level.

At the close of trading yesterday, the stock market recorded transactions valued at 74.01 million dinars, distributed across 263.84 million shares, with 19,330 trades executed. The session saw eight sectors rise, led by Consumer Goods, which gained 2.69%, while five sectors declined, headed by Technology, which fell by 4.53%.

Regarding individual stocks, 71 shares rose in price, led by “Markaz” with a gain of 10.68%, while 46 shares declined, led by “Al Ahlia Insurance” by 4.74%, and 14 shares remained unchanged. “Al Takhsees” led in trading volume with 24.14 million shares.

In a related development, Warba Bank announced it had received final approval from the Central Bank of Kuwait to issue perpetual sukuk as part of an additional tranche of Tier 1 capital, with a value not exceeding 100 million dinars. The bank clarified that the final approval was issued on October 5, 2026, following its receipt of approval from the Capital Markets Authority on September 24, 2026, for a prospectus related to the issuance of the same sukuk.

Warba Bank had previously stated in August 2026 that it had received preliminary approval from the Central Bank of Kuwait to issue sukuk as part of the first tranche of Tier 1 capital, valued at $500 million.

Warba Bank reported a profit of 24.18 million dinars in the first half of 2026, compared to 20.33 million dinars in the same period last year, representing an annual increase of 18.9%.