The liquidity on the Kuwait Stock Exchange (KSE) surged to 103.4 million dinars at the close of today’s session, marking a 9.19% increase compared to yesterday. This boost in liquidity came despite modest gains in the General and Premier indices, while the main market index saw its fourth consecutive decline.
The session also saw the trading of Warba Bank shares following the completion of a 100% capital increase, with the increased shares becoming available for trading.
Warba Bank’s share price climbed nearly 5%, making it one of the highest-grossing stocks in the primary market, alongside substantial trading liquidity. Activity on the first market was also notable, with many stocks recording gains, though small-cap stocks in the main market faced selling pressure from investors, according to Al-Jarida daily.
As a result, the market’s capitalization grew by 101.5 million dinars, a 0.21% increase, reaching 47.85 billion compared to 47.75 billion dinars at the close of Tuesday’s session.
In terms of index performance, the general market index crossed the 8,000-point mark, gaining about 16.79 points, or 0.21%, with a trading volume of 388.4 million shares across 21,151 transactions.
The Premier Market Index added 30.79 points, or 0.36%, reaching 8,665 points, and accounted for the largest share of trading liquidity at 72%, totaling KWD 74.3 million from 197.7 million shares traded in 11,010 transactions.
The main market index continued to decline, dropping 35.95 points, or 0.51%, to 6,953 points, with a trading value of 29.1 million dinars, representing a 28% share in total market turnover, and a trading volume of 190.7 million shares in 10,141 transactions.
A total of 130 stocks were traded during the session, with 62 stocks seeing price increases, 51 stocks declining, and 17 stocks holding steady.
Sector performance showed a mixed trend, with five sectors seeing gains, led by the consumer services sector (up 0.88%) and technology (up 0.65%). However, six sectors declined, with energy dropping by 5.01% and consumer goods down 1.41%. The utilities sector remained unchanged.
Among the most traded stocks by value, KFH led with KWD 11.6 million dinars in trades at 736 fils per share, followed by Warba Bank at KWD 10.1 million, closing at 234 fils, National Bank with KWD 8.8 million at 956 fils, International Bank at 5.7 million dinars at 231 fils, and Al-Safat Bank with KWD 5.5 million at 128 fils.
On the upside, KMEFIC topped the gainers with a 9.64% increase, trading 9.16 million shares at 182 fils. Emirates followed with an 8.93% rise, trading 259.9 thousand shares at 61 fils, then Muntazaat with an 8.62% gain and 1.95 million shares traded at 126 fils.
Energy House also saw a 6.77% increase, with 10.7 million shares trading at 268 fils, while Warba Bank closed the list of top gainers with a 4.93% increase, having traded 44.2 million shares.
Conversely, Petrochemical Company led the decliners with a 9.67% drop, trading 4,205 shares at 542 fils. Thuraya followed with a 5.51% decline, trading 209,000 shares at 120 fils, then Tamdeen Investment, down 5.01% with 3,867 shares traded at 797 fils.
Napesco saw a 4.35% decrease, closing at 1.033 dinars after trading 545 shares, while Unicap rounded out the list of biggest decliners with a 3.87% fall, having traded 5.08 million shares at 298 fils.
