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KSE sees neutrality with minimal losses

The Kuwait Stock Exchange maintained its neutral stance for the third consecutive session, experiencing marginal declines.

Yesterday, the general market index dipped by 0.05 percent, closing at 7428.57 points, with a liquidity volume of 44.8 million dinars as trading saw 167.6 million shares exchanged through 12,700 transactions, with 125 shares listed, of which 50 gained, 60 lost, and 15 remained unchanged.

Similarly, the Al-Jarida daily said, the Premier Market Index saw a slight drop of 0.01 percent, concluding at 8,149.38 points, with liquidity totaling 32.3 million dinars.

Trading activity involved 83.7 million shares across 6,801 transactions, with 33 listed shares, 17 of which gained, 11 lost, and 5 remained unchanged. The main market index also experienced a decline of 0.27 percent, ending at 6,062.89 points, with liquidity reaching 12.5 million dinars. Trading recorded 83.8 million shares through 5,899 transactions, with 92 listed shares, 33 of which gained, 49 lost, and 10 remained unchanged.

Although the trading session commenced with promising liquidity, particularly in shares of Arjan, KFH, Wataniya Investments, and Nour, some stocks faced selling pressure, leading to minimal losses. Despite declines in heavyweight stocks like KFH and NBK, the overall losses were contained, with liquidity remaining above 40 million dinars.

Meanwhile, GCC market indices continued to exhibit varied performance, with bullish trends observed in some markets, including Oman and Bahrain. Conversely, the Dubai index faced increased pressure, registering a 2 percent decline. However, oil prices showed resilience, trading in the green and nearing $83 per barrel.

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