Kuwait Stock Exchange indices rise collectively at the start of today's trading - Sarmad
Kuwait Stock Exchange indices rose at the start of trading on Sunday, with the technology sector rising while insurance declined, following the implementation of a new commission structure.
Translated by Qiyas from سرمد — Original source
Key indicators of the Kuwait Stock Exchange rose collectively at the start of trading on Sunday, coinciding with gains in five sectors and the cancellation of existing orders in the automated trading system.
By 9:15 a.m. Kuwait time, the “First Market” and “General” indices rose by 0.10% and 0.15%, respectively, while the “Main 50” index climbed by 0.60% and the “Main” index grew by 0.41% compared to last Thursday’s levels.
It is worth noting that the Kuwait Stock Exchange began cancelling existing orders in the automated trading system on Sunday, marking the start of applying the new structure for trading, clearing, and settlement commissions.
During this period, the Kuwait Stock Exchange recorded trades valued at 5.30 million Kuwaiti dinars, distributed across 21.20 million shares, with 2.08 thousand transactions executed.
Five sectors rose, led by technology with a 5.13% gain, while six sectors declined, headed by insurance with a 1.03% drop, and two sectors remained flat.
At that time, the price of 45 shares rose, led by “Al-Iada” with a 10% increase, while the price of 39 shares fell, headed by “Al-Ahliya for Insurance” with a 9.54% decline, and the price of 20 shares remained unchanged.
“Sahel” share led in trading volume with 8.22 million shares, while “Oula Takaful” share topped liquidity with a value of 1.21 million Kuwaiti dinars, following a rating agency’s classification of the company and assigning it a stable outlook.
