The positive trend in Kuwait’s stock market persisted, albeit modestly, during the final trading session of the week. The general market index rose by 0.07%, or 5.48 points, closing at 7,331.01 points.
Trading activity saw a notable increase, with liquidity reaching KD 71.8 million. A total of 386.9 million shares changed hands through 19,798 transactions. Out of 130 stocks traded, 58 advanced, 57 declined, and 15 remained unchanged.
The Premier Market Index recorded a slight gain of 0.08%, or 5.94 points, closing at 7,859.65 points. Liquidity reached KD 35.4 million, with 101.4 million shares traded through 7,044 transactions. Of the 34 stocks traded, 16 advanced, 13 declined, and 5 remained unchanged.
The Main Market Index rose by 0.07%, or 4.77 points, closing at 6,672.14 points. It recorded a liquidity of KD 36.3 million, with 285.5 million shares traded through 12,754 transactions. Among the 96 stocks traded, 42 advanced, 44 declined, and 10 remained unchanged.
Activity and liquidity
The final session of the week witnessed significant activity and high liquidity on the Kuwait Stock Exchange, with nearly KWD 3 million traded within the first two minutes.
The trading activity primarily centered on the shares of Inovest, Kuwait Real Estate, and Osool, which saw positive movement, while Kuwait Finance House (KFH) remained stable at its baseline.
Over time, Inovest faced increased selling pressure, ultimately declining by 8.5% to become the most liquid stock among the top 20 most traded shares.
Meanwhile, Osool defied Inovest’s trend, soaring by 17.8% to 172 fils, leading in liquidity with trades exceeding KWD 7 million. This performance resembled earlier trends of smaller stocks like Wataniya D.Q., Unicap, and MENA, which once recorded substantial gains but have since slowed.
Arab Holding also saw heavy trading, rising by 3.5%, while Madar initially surged by 20% to 122 fils before trimming its gains to 6.1%. Notably, Madar’s trades exceeded KWD 2.2 million, with a volume nearing 20 million shares, which is the highest in many years. Other performers included Business City, which added 1 fil, Arzan up by 2 fils, and Al-Eid, which gained 4 fils.
Leading stocks remained mostly stable or in the green, except for Projects, which fell to 96 fils, and Kuwait Real Estate, down by 1 fil by the session’s end. The market closed on a positive note, with strong liquidity exceeding this week’s average levels.
The last session was positive for most GCC market indices, with all closing in the green except for the Bahrain Stock Exchange index, which recorded a slight decline.
Meanwhile, oil prices hovered around $73.5 per barrel for the Brent benchmark, signaling a likely green finish for the week in the oil markets as well.
Source: Al Jarida
