KSE main market index sees slight increase

The last trading session of the week in the Kuwait Stock Exchange saw stable performance in the general and primary market indices, while the main market index witnessed a slight increase.

The general market index edged up by a marginal 0.03 percent, or 2.47 points, closing at 7,333.73 points, with trading volume reaching 69.6 million dinars. A total of 319.5 million shares were exchanged through 16,759 transactions, with 126 shares listed. Of these, 61 gained, 52 lost, and 13 remained unchanged. reports Al-Jarida daily.

Meanwhile, the Premier Market Index experienced a slight decline of 0.02 percent, or 1.52 points, settling at 8,039.43 points. Liquidity stood at 48.6 million dinars, with a trading volume of 151.3 million shares in 8,191 transactions. Among the 33 shares traded, 15 gained, 12 lost, and 6 remained unchanged.

On a more positive note, the main market index rose by 0.28 percent, or 16.72 points, closing at 6,007.69 points. Liquidity amounted to 20.9 million dinars, with a trading volume of 168.1 million shares exchanged through 8,568 transactions. Among the 93 shares traded, 46 gained, 40 lost, and 7 remained unchanged.

The trading session began with a surge in liquidity, supported by the rise in EVA bloc shares, particularly Snam, following an announcement of a 5.5 percent acquisition by an asset management company. Key stocks like Arzan and KFH also performed well, with Agility, National Bank, Mabanee, Zain, and Projects witnessing increases. However, some stocks, including IFA, Gulf Bank, KFH, and Burgan, experienced declines.

Despite this, small-cap stocks like Eva Hotels and Future Kids showed growth, with cement stocks also performing positively. The session ended with an overall optimistic tone, with the main market index surpassing 6,000 points for the first time in a while.

In the wider Gulf region, financial market indices in Saudi Arabia, the Emirates, and Kuwait saw gains, while those in Qatar, Oman, and Bahrain experienced declines. Oil prices remained in the green, reaching $81.5 per barrel.

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