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Of 129 traded shares, 90 gained, 34 lost, and 5 were unchanged. The Premier Market Index rose 0.84% to 7688.80 points with KD 37.2 million in liquidity.
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The Main Market Index rose by 1.07 percent, or 63.04 points, to close at 5961.82 points, with liquidity at KD 10.2 million.
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The Dubai market index rebound the most, correcting Monday’s losses with a rise of about 1.5 percent, similar to the Saudi and Qatari markets.
Kuwait Stock Exchange indices continued their rebound for the second consecutive session, recovering much of the losses incurred earlier in the week, according to Al Jarida newspaper.
The general market index rose by 0.88 percent, or 61.63 points, to close at 7057.50 points. Liquidity decreased to less than KD 50 million, ending at KD 47.5 million. The number of shares traded was 183.4 million through 13,741 transactions.
Out of 129 traded shares, 90 gained, 34 lost, and five remained unchanged. The Premier Market Index increased by 0.84 percent, or 64.23 points, to close at 7688.80 points, with liquidity reaching KD 37.2 million.
A total of 118.5 million shares were traded through 8,647 transactions, with 34 shares traded; 33 gained and one lost.
The Main Market Index rose by 1.07 percent, or 63.04 points, to close at 5961.82 points, with liquidity at KD 10.2 million. A total of 64.9 million shares were traded through 5,094 transactions. Out of 95 traded shares, 57 gained, 33 lost, and five remained unchanged.
Kuwait Stock Exchange trading began as it ended during Tuesday’s session, with noticeable buying activity exceeding one million Kuwaiti dinars on leading stocks. KFH stock, in particular, showed a strong rebound. The next session, scheduled for Sunday, August 11, is expected to be profitable.
Most leading stocks rebound
Most leading stocks also saw a rebound with clear buying activity and positive trading from start to finish. Stocks such as Unicap, Warba Bank, International Bank, Agility, Mabani, and Zain continued to recover losses from earlier in the week.
Eva managed to recover a significant portion of its loss, increasing by nearly six percent, while Arab Holding Company’s stock rebounded by about five percent.
Most active stocks were in the green, showing better performance compared to the previous session, although liquidity was lower, ending at KD 47.5 million. This was amid a decrease in market volatility following global market reactions and US jobs data, especially as Asian market indicators began to rise.
Nikkei recovered all its losses
The Japanese Nikkei index recovered all its losses from Monday and rose by four percent, while the South Korean market index increased by 2.5 percent. European markets also rose, supported by growth in US futures market indices, which saw significant gains. While gold remained stable, with a marginal rise in the morning, oil prices rebounded, gaining one percent to settle above $77.50 per barrel.
Globally, financial market indicators showed a rebound, with all GCC market indices rising except for the Omani market index, which recorded a minor loss.
The Dubai market index rebound the most, correcting Monday’s losses with a rise of about 1.5 percent, similar to the Saudi and Qatari markets. The Gulf session ended mostly in the green, bolstered by rising oil prices.
