Divergent Kuwait Stock Market Indicators at the Start of Today's Trading - Sarmad
Most indices rose at the start of trading on the Kuwait Stock Exchange, while technology sectors declined, amid anticipation of the Federal Reserve's interest rate decision.
Translated by Qiyas from سرمد — Original source
Key indicators of the Kuwait Stock Exchange showed mixed movements at the start of Wednesday’s trading, amid anticipation of the Federal Reserve’s interest rate decision.
By 9:15 a.m. Kuwait time, the “First Market” and “General” indices rose by 0.06% and 0.07%, respectively, while the “Main” index gained 0.14%. In contrast, the “Main 50” index declined by 0.31% compared to Tuesday’s levels.
Markets are awaiting later on Wednesday the release of the U.S. Federal Reserve’s decision on monetary policy.
Trading value in the exchange reached 17.84 million Kuwaiti dinars, distributed across 53.38 million shares, with 3,370 transactions executed.
Seven sectors rose during the session, led by healthcare, which gained 5.96%, while four sectors declined, headed by technology, which fell by 1.49%, and two sectors remained flat.
Forty-one shares advanced, led by “Maidan,” which rose 9.89%, while 36 shares declined, headed by “Energean,” which fell 2.71%, and 35 shares remained unchanged.
“Oula Takaful” led trading activity with a volume of 11.58 million shares and liquidity valued at 7.58 million Kuwaiti dinars.
