KSE indices show stability during last trading session

The Kuwait Stock Exchange indices maintained stability during the last trading session of the short week, comprising only four sessions, with minimal changes observed in the First and General Market indices, while the main market index experienced a notable decline. The general market index saw a slight decrease of 0.08 percent, or 5.78 points, closing at 7,256.16 points.

Despite the short trading week, liquidity remained high at 75.5 million dinars, with a total of 246.1 million shares exchanged through 14,438 transactions. Among the 127 shares traded, 47 gained, 59 lost, and 21 remained unchanged. Meanwhile, the Premier Market Index increased by 0.13 percent, or 10.13 points, closing at 7,961.59 points, with liquidity reaching 43.7 million dinars. Trading involved 123.3 million shares across 7,727 transactions, with 31 shares traded, 11 of which gained, 17 lost, and 3 remained unchanged, reports Al-Jarida daily.

In contrast, the main market index experienced a significant decline of 0.86 percent, or 51.07 points, ending at 5,919.36 points, with liquidity amounting to 31.8 million dinars. Trading activity involved 122.7 million shares through 6,711 transactions, with 96 shares traded, 36 gaining, 42 losing, and 18 remaining stable.

The market performance was influenced by announcements from major operating companies, including Ooredoo, STC, and Al Jazeera, which revealed their annual results. Ooredoo’s stock witnessed a significant loss of 12.5 percent, while Al-Jazira stock fell by 8 percent. Additionally, profit-taking operations affected some influential stocks, such as Kuwaiti, Al-Ghanim, and Projects stocks.

However, there was notable support from IFA, Systems, and Buildings shares, which each rose by approximately 5 percent. Agility shares also experienced significant growth of about 3 percent. While trading in small stocks was not particularly notable, Al-Nazam stock stood out with trades exceeding 2.8 million dinars.

In the Gulf region, most indicators of the Gulf Cooperation Council countries showed gains, with only slight declines observed in the Dubai and Muscat indices. Oil prices witnessed an increase, surpassing $79 per barrel during today’s session.

Read Today's News TODAY...
on our Telegram Channel
click here to join and receive all the latest updates

Back to top button