KSE continues upward march for second consecutive session

The Kuwait Stock Exchange indices continued their upward trend for the second consecutive session this week, albeit at a slower pace compared to the first session.

The Al-Jarida daily, quoting KSE sources said the general market index grew by 0.36 percent, closing at 7,360.02 points, with a liquidity of 66.5 million dinars.

A total of 245.2 million shares were traded through 17,650 transactions. Among the 127 shares traded, 70 gained, 37 lost, and 20 remained unchanged.

The Premier Market Index increased by 0.27 percent, closing at 8,079.57 points, with liquidity exceeding 51 million dinars. A total of 126.5 million shares were traded through 9,168 transactions. Among the 33 shares traded, 16 gained, 12 lost, and 5 remained unchanged.

The Main Market index rose by 0.78 percent, closing at 5,990.38 points, with a liquidity of 15.4 million dinars. A total of 118.6 million shares were traded through 8,482 transactions. Among the 94 shares traded, 54 gained, 25 lost, and 15 remained unchanged.

The following are the key observations:

  • The session saw growth in liquidity levels and selective stock increases, particularly IFA and Kuwait Finance House (KFH).
  • Some small stocks recorded increases and attracted buying interest.
  • Notable gains were seen in Nakheel stock, which initially rose by 70 percent before settling at 50 percent, and Wethaq shares, which rose by 40 percent.
  • Positive performance was observed in Industries stock, KFH, and National Investments stock.
  • Agility stock experienced a clear percentage decline, ending the session nearly flat.

Overall, the GCC market indices also showed positive performance, with most markets gaining, except for Abu Dhabi, and oil prices remained relatively stable around $81.5 per barrel of Brent crude.

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