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KSE ends week with stable indices and selective buying

During the final session of the week, the Kuwait Stock Exchange exhibited stability, concluding with minimal changes and gains. The general market index saw a marginal increase of 0.10 percent, equivalent to 7.48 points, reaching 7,342.98 points. Liquidity amounted to 63.9 million dinars, with 264.6 million shares traded through 14,197 transactions. Out of 123 shares traded, 60 gained, 50 lost, and 13 remained unchanged.

The Premier Market Index experienced a 0.06 percent gain, adding 4.50 points to close at 8,062.68 points. Liquidity reached 47.4 million dinars, with 159.1 million shares traded through 7,832 transactions. Of the 31 shares traded, 13 gained, 15 lost, and 3 remained unchanged, reports Al-Jarida daily.

Similarly, the main market index gained 0.28 percent, rising by 16.53 points to reach 5,973.82 points, accompanied by a liquidity of 16.4 million dinars. Trading involved 105.5 million shares through 6,365 transactions. Out of the 92 shares traded, 47 gained, 35 lost, and 10 remained unchanged.

Selective buying characterized the trading sessions during the week, with operations initiating on selective stocks and expanding to include leading and concentrated stocks.

Kuwait Real Estate stock emerged as the most traded and experienced a modest increase. Profit-taking operations ensued after significant gains throughout the week.

Noteworthy was the stability and positive trend of NBK and KFH shares, while Agility shares saw a decline amid widespread profit-taking operations. Concerns among traders arose with the decline of Boubyan Petrochemicals shares. However, purchasing operations rebounded, resulting in a green close.

Certain smaller stocks, including Future Kids, Emirates, and Gulf Investment House, showed activity and recorded gains. Meanwhile, the IFA block stocks, notably Oula Takaful and Systems, experienced declines, impacting liquidity levels.

In the Gulf Cooperation Council market indices, Kuwait, Oman, and Bahrain recorded gains, while larger markets, including Saudi Arabia, Qatar, and the UAE, faced declines. Oil prices were active, registering gains up to $81 per barrel.

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