Boursa Kuwait has proven its resilience amid recent global market downturns, effectively mitigating their impact. Although the gains were limited to 5 million dinars, they underscore the market’s ability to adapt quickly and absorb external shocks, driven by supportive economic factors.
Key factors reinforcing the market’s stability included strong financial disclosures from listed companies, reflecting profit growth, along with recommendations for cash dividends and stock bonuses. Additionally, attractive investment opportunities across various sectors continued to bolster investor confidence.
Boursa Kuwait’s market capitalization increased to 47.332 billion dinars by the end of yesterday’s session, up from 47.327 billion dinars in the previous session. The market is expected to regain its upward momentum, driven by strong buying activity in both the main and premier markets.
Liquidity in yesterday’s session surged by 40%, reaching 165.6 million dinars compared to 118.5 million dinars in the previous session. Oula Fuel led trading activity with 86.7 million dinars, followed by M. Aamal at 14.9 million dinars, Kuwait Finance House at 6.5 million dinars, National Bank of Kuwait at 6.1 million dinars, and Real Estate K at 5.6 million dinars.
Sector Performance and Indices
Five sectors played a key role in stabilizing the market and mitigating the impact of global declines, with healthcare leading at a 1.5% rise, followed by consumer services at 1.1%. In contrast, eight sectors saw declines, most notably technology, which dropped by 3.6%. Meanwhile, trading volumes slightly edged up by 3%, reaching 431 million shares, compared to 418 million in the previous session.
Market indices ended the session with mixed performance. The Premier Market Index edged up by 0.12%, adding 10.2 points during the closing auction to settle at 8,535 points, after a slight dip earlier.
Meanwhile, the Main Market Index declined by 0.49%, shedding 36.2 points to close at 7,425 points. The All-Share Market Index saw a marginal gain of 0.01%, closing at 7,997 points with an increase of just one point.
Boursa Kuwait is poised to maintain its upward trajectory, driven by the ongoing release of positive corporate earnings, rising liquidity levels, and sustained investment inflows into fundamentally strong stocks. The market’s appeal to both local and foreign investors further reinforces this optimistic outlook.
