The Kuwait Stock Exchange opened the first session of June with moderate gains across all indices, supported by strong liquidity typical of the start of the week.
The session’s highlight was the return of Al Imtiaz stock to trading, which soared by 23.33%, topping the list of top-performing stocks. Market indices fluctuated during the session, though most liquidity remained focused on the Premier Market. Warba Bank and Mabanee stocks drew notable investor interest, according to Al-Jarida daily.
Market capitalization added 205.6 million dinars, rising by 0.42% to reach 48.66 billion dinars, compared to 48.45 billion dinars at last Thursday’s close. The general market index climbed 34.34 points, or 0.42%, to reach 8,146 points, on a trading volume of 63.9 million dinars, with 303.1 million shares exchanged through 15,597 transactions.
The Premier Market Index advanced by 32.84 points, or 0.37%, to 8,831 points, absorbing 69% of the total traded value with 44.1 million dinars in trades and 119.4 million shares exchanged over 7,236 transactions. The Main Market Index outperformed, gaining 47.17 points or 0.68%, surpassing the 7,000-point mark, and capturing 31% of total liquidity, valued at 19.7 million dinars, from 183.7 million shares traded in 8,361 transactions.
In total, 134 stocks were traded, with 62 gaining, 52 declining, and 20 remaining unchanged. Sectoral performance was mostly positive, with 10 out of 13 sector indices rising, led by healthcare (up 5%) and technology (up 3.33%). The basic materials sector led the losers with a 1.01% drop, followed by consumer services with a 0.39% decline.
Warba Bank was the most actively traded in terms of value at 8.29 million dinars, closing at 257 fils, followed by Mabanee at 4.7 million dinars (857 fils), Bayt.com at 4.3 million dinars (754 fils), K Aqarat K at 3.7 million dinars (375 fils), and Human Soft at 3.35 million dinars, closing at 2.600 dinars.
Al Imtiaz led the gainers with a 23.33% jump on 70.3 million shares traded, closing at 37 fils. It was followed by Imtiyazat, up 10% to 143 fils with only 5,000 shares traded; another unnamed stock up 9.45% to 950 fils on 6,439 shares; Digits, up 8.49% to 115 fils on 3.61 million shares; and Nabisco, which rose 7.12% to 1.400 dinars, though only two shares were traded.
On the downside, Al Kout topped the losers list, falling 5% to 1.026 dinars on just 255 shares. IFA Hotels dropped 4.30% to 1.112 dinars on a volume of 247,000 shares. Future Kid declined 4.17% to 115 fils on 595,000 shares, followed by Al-Maamel with a 3.54% drop to 327 fils on 145,000 shares, and Injazat, which slipped 3.06% to 95 fils with 52,000 shares traded.
