During yesterday’s trading, the key indices of the Kuwait Stock Exchange witnessed notable fluctuations in their transactions. The Premier and General Market indices experienced gains, while the Main Market and Main 50 indices saw significant losses.
The General Market Index stabilized with a 0.14 percent gain, equivalent to 10.24 points, closing at 7275.21 points, accompanied by an increased liquidity rate exceeding 20 percent, totaling 61.4 million dinars. A total of 264.6 million shares were exchanged through 16,054 transactions, involving 127 shares. Among them, 57 gained, 59 lost, and 11 remained unchanged.
The Premier Market Index registered a 0.42 percent gain, adding 33.06 points to reach 7,983.34 points. Liquidity surpassed 44 million dinars, with 151.9 million shares traded across 7,663 transactions. Of the 31 shares involved, 18 recorded gains, 12 experienced losses, and one remained unchanged.
Conversely, the Main Market Index declined by 0.88 percent, shedding 52.96 points to close at 5,932.52 points, with a liquidity of 17.3 million dinars. A total of 112.6 million shares changed hands through 8,391 transactions, involving 96 shares. Among them, 39 gained, 47 lost, and 10 remained unchanged.
The performance variation in stock indices and prices escalated, driven by pressure on IFA bloc shares from the outset. Activity dwindled, particularly in stocks with high liquidity, resulting in losses. In contrast, Kuwait Real Estate stocks remained active, achieving gains and stability at levels unseen in years, reaching 241 fils. Shares of Hotels, IFA, and Arzan incurred varying losses, with Sanam, Systems, and First Takaful also experiencing declines.
During the latter half of the session, leading stocks became active after purchasing operations focused on KFH, Agility, and Zain. The National Bank, Boubyan Petrochemicals, Boubyan Bank, and Gulf Bank recorded limited gains, enough to push the general and primary market indices into positive territory.
However, Al-Tijari stock, declining by 7 percent, exerted strong pressure on the Main Market Index and Main 50. This pressure was further supported by the EVA bloc’s clear declines, resulting in significant performance variations in market indices.
In the broader context, most stock market indices in Gulf Cooperation Council countries showed positive performance, with rises observed across most indices, except for the Abu Dhabi index, which recorded a marginal loss. The Saudi market index led the gains with an increase of approximately 0.08 percent, while oil prices remained stable around $78 per barrel.
