Kuwait Stock Exchange Indices Rise Broadly at Start of Trading - Sarmad
Kuwait Stock Exchange indices rose at the start of trading, with the First Market Index gaining 0.49% and the General Index rising 0.51%, supported by gains in 10 sectors, notably technology. Palm Shares topped the Green List following the announcement of compensation payments from the Authority.
Translated by Qiyas from سرمد — Original source
Kuwait’s stock market opened Tuesday’s trading session in the green, supported by gains in 10 sectors.
By 9:16 a.m. Kuwait time, the First Market Index rose 0.49%, the General Index climbed 0.51%, and the Main Index and Main 50 Index advanced 0.61% and 1.37%, respectively, from their levels at yesterday’s close.
Trading volume on the Kuwait Stock Exchange reached 13.34 million Kuwaiti dinars, distributed across 53.16 million shares, with approximately 2,170 transactions executed.
The session was bolstered by gains in 10 sectors, led by technology, which rose about 1.27%. In contrast, the healthcare sector was the only one to decline, falling roughly 1.72%, while the energy and utilities sectors remained flat.
Among the 87 rising stocks, Al-Nakheel topped the green list with an 8.93% gain, following an announcement that the General Authority for Agriculture and Fisheries Affairs would pay compensation to the company. Meanwhile, nine stocks declined, led by Al-Taqaddum, which fell 4.99%, and 11 stocks remained unchanged.
The declining stock of Noor led trading activity by volume with 11.30 million shares, and by liquidity with more than 5 million dinars.
