KSE indices register second consecutive session of collective increases

In the second consecutive session, Kuwait Stock Exchange indices saw overall gains, albeit lower than those recorded in the previous session. The general market index achieved a 0.30% increase, adding 22.23 points to close at 7,335.50 points, with a trading volume of 270.4 million shares and liquidity totaling 64 million dinars. In 15,693 transactions, 122 shares were traded, with 50 gaining, 49 losing, and 23 remaining unchanged.

The Premier Market Index rose by 0.36%, gaining 28.90 points to close at 8,058.18 points. Trading volume reached 158.8 million shares, with liquidity amounting to 46.6 million dinars. Across 8,107 transactions, 31 shares were traded, with 16 gaining, 9 losing, and 6 remaining unchanged, reports Al-Jarida daily.

Similarly, the Main Market index increased by 0.09%, adding 5.48 points to close at 5,957.29 points, with a liquidity of 17.4 million dinars. Trading volume involved 111.5 million shares in 7,586 transactions, with 91 shares traded. Of these, 34 gained, 40 lost, and 17 remained unchanged.

During the fourth session of the week on the Kuwait Stock Exchange, trading diversified after focusing on small and medium-sized stocks in recent weeks. The previous session saw emphasis on leading stocks such as Zain, Agility, KFH, and NBK. In the latest session, there was a more balanced approach with less growth in large bank shares like KFH and National, and more significant increases in small stocks like Burgan and international. Some main market stocks, including First Takaful, Systems, and the IFA Group, experienced noteworthy gains. The remaining main group stocks, such as Kayva, IFA Hotels, Arzan, and Kuwait Real Estate, remained stable with limited changes and lower liquidity compared to previous weeks.

Arabi Holding shares saw a significant increase, while Agility and National Real Estate shares witnessed notable gains, albeit reduced due to selling pressure and rapid profit-taking. On the positive side, Oula Takaful shares returned to high trading volumes and achieved growth.

A major Gulf stock emerged as the top gainer, concluding the session optimistically with gains for all three indices. The GCC market indices collectively increased, with the exception of the Amman Financial Market Index, which recorded a limited loss for the second consecutive session.

The Dubai Financial Market Index exhibited significant growth exceeding 1.4%, and other markets also saw favorable percentages, including the Saudi market. These positive trends were supported by rising oil prices, with the Brent standard barrel approaching the $80 mark.

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