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For second consecutive session KSE recorded losses

In the second consecutive trading session, the main indices of the Kuwait Stock Exchange faced downward pressure, resulting in a 0.33 percent decrease in the general market index, closing at 7307.24 points — a decline of 24.33 points.

Liquidity rose to 56.3 million dinars from yesterday’s 50 million dinars. The market saw 194.3 million shares traded in 12,495 transactions, with 125 shares listed. Of these, 43 saw gains, 67 experienced losses, and 15 remained unchanged, reports Al-Jarida daily.

The Premier Market Index also saw a decrease of 0.43 percent, losing 34.94 points to close at 8,014.99 points, accompanied by a liquidity level of 32.8 million dinars. Trading volume reached 97.2 million shares in 6,615 deals, with 31 shares listed. Seven recorded gains, 20 saw losses, and four remained unchanged.

In contrast, the Main Market index gained 0.06 percent, or 3.30 points, closing at 5968.48 points. Liquidity reached 23.4 million dinars, with 97.2 million shares traded in 5,880 transactions. There were 94 shares listed, with 36 gaining, 47 losing, and 11 remaining unchanged.

Despite a strong initial trading performance driven by significant liquidity and IFA share trading, uneven growth persisted as pressure and profit-taking impacted leading stocks, particularly KFH and Agility. This trend continued throughout the session. While IFA shares, IFA Hotels and Systems showed increases, Arzan, Oula Takaful, and Kuwait Real Estate shares experienced declines.

Notably, the IFA shares dominated liquidity, contributing to the significant total of 56 million dinars. IFA shares were the most liquid, approaching 12 million dinars, representing 20 percent of the total liquidity volume.

Although small and medium-sized stocks, supporting the indices, saw a decrease in trading activity, IFA provided support to the main market index, achieving limited growth. However, the session concluded in the red, marked by evident selling operations in leading stocks that diminished during the last quarter of an hour and the auction period. The stocks managed to recover some of their losses.

Across the GCC markets, selling and profit-taking prevailed, resulting in all indices closing in the red except for the Bahrain market index, which recorded a limited increase. The Qatar market index faced the largest loss, exceeding one percent. Meanwhile, oil prices traded at around $83.5 per barrel of Brent standard during the session.

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