Diab to 'Al-Siyasah': Kuwait Stock Exchange indicators remain resilient despite regional uncertainty
Positive market sentiment prevails following profit growth in the banking and telecommunications sectors
Market capitalization of shares declined by 0.32%, amounting to approximately 169 million dinars, to reach 53.06 billion
Liquidity fell by 4.97% to 344.95 million, while trading volumes dropped by 6.4% to 95,000 transactions
The "General" index fell 0.30%, the "Main" index declined 1.84%, while the "First" index gained 0.82%
Sustained institutional foreign interest despite current conditions reflects confidence in the strength of the Kuwaiti economy and its financial standing
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The main indicators of the Kuwait Stock Exchange varied this week amid a decline in market capitalization. The First Market Index rose by 0.02%, closing the week’s trading at 9,297.86 points, achieving gains of 1.53 points. The "Main 50" index rose by 0.82%, or 84.86 points, to finish at 10,424.52 points, compared to its level at the close of the previous week ending on August 6.
According to "Mubasher Iqraa" statistics, the General Market Index fell by 0.30%, equivalent to 26.67 points, registering 8,838.95 points at the close. The Main Market Index concluded weekly trading at 8,838.3 points, down 1.84% or 165.65 points.
The market capitalization of shares at the end of today’s trading reached 52.89 billion dinars, a decrease of 0.32%, valued at 169 million dinars, from its level of 53.06 billion dinars at the close of last week.
Meanwhile, liquidity decreased by 4.97% to 344.95 million dinars, while volumes grew marginally to 1.29 billion shares. The number of transactions rose by 6.42% to 95,650 transactions. During this period, eight sectors saw gains, led by healthcare with a 2.36% increase, while five sectors declined, headed by insurance with a 13.20% drop.
Commenting on the weekly performance, Raed Diab, First Vice President of Research and Investment Strategies at KAMCO Invest, stated that positive sentiment prevails in the Kuwaiti market, marked by noticeable stability in stock exchange indicators despite the ambiguous regional geopolitical landscape.
Diab added in a statement to "Al-Siyasa" that financial announcements for the banking sector were completed, recording 4.6% growth during the first half of this year. The telecommunications sector also saw profit growth, while results for other companies varied.
He continued: "Despite the challenges faced by Kuwait and the region, including the closure of the Strait of Hormuz, supply chain disruptions, and rising costs, profit growth reaffirms the resilience of these companies and their efficiency in managing risks and crises."
Diab noted that the market also experienced sustained institutional foreign interest despite turbulent regional conditions, reflecting these institutions' confidence in the strength of the Kuwaiti economy, its solid financial standing, and its ability to overcome the crisis. This is further supported by the attractiveness of opportunities available in the market and optimism for the future.
He clarified that this positivity coincides with the Kuwaiti government’s continued commitment to implementing reforms, projects, and legislation, alongside anticipation for the mortgage law, which, if enacted, will provide strong support for several market sectors in the coming phase. He explained that the general outlook remains positive, but the lack of a fundamental resolution to the war in the region continues to weaken momentum, as the removal of geopolitical risks would serve as a catalyst for markets in the coming period.
He pointed out that the review of the MSCI Emerging Markets Index revealed the removal of Jazeera Airways from the small-cap index, with the review results taking effect from the close of trading on August 31, 2026.
