Kuwait Stock Exchange opens strong with optimistic sentiment
The stock market gained KD 572 million dinars, with liquidity up 52.3% from last Thursday’s 67.2%.
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Amid optimism for development and a shift away from political discord in the country, the Kuwait Stock Exchange saw a surge in transactions, driven by capitalists’ expectations of a stable overall climate.
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Focus on operational stocks, banks, services, finance, and real estate may bring rare medium-term gains to the stock market.
The Kuwait Stock Exchange kicked off its weekly trading with a positive index, reflecting an optimistic market sentiment on the first trading day after His Highness the Amir Sheikh Meshal Al-Ahmad Al-Jaber Al-Sabah’s royal speech on Friday.
Amid optimism for development and a shift away from political discord in the country, the Kuwait Stock Exchange saw a surge in transactions, driven by capitalists’ expectations of a stable overall climate. This was accompanied by widespread liquidity circulation, with foreign institutions actively participating.
The stock market closed with market gains of KD 572 million dinars, marking a 52.3% increase in circulating liquidity compared to last Thursday’s session, which recorded 67.2% trading. The value of yesterday’s session transactions reached KD 102.08 million dinars.
Al-Rai newspaper observed the activation of numerous accounts concentrating primarily on operational stocks, notably banks, leading service providers, financial institutions, and real estate companies. This trend may lead to medium-term gains that the stock market has not experienced in many years.
