Boursa Kuwait shows stability in third week
KUWAIT CITY, March 27: During the third week’s trading session, the indices of the Kuwait Stock Exchange demonstrated stability with minimal changes, ultimately closing in the green, reports Al-Jarida daily.
The general market index experienced a marginal increase of 0.05 percent, or 3.43 points, reaching 7,399.49 points, with liquidity totaling 29.1 million dinars. Trading activity involved 119.1 million shares through 9,465 transactions, with 116 shares traded. Among these, 48 shares gained, 46 shares lost, and 22 shares remained unchanged.
Similarly, the Premier Market Index rose by 0.04 percent, or 3.64 points, ending at 8095.21 points, with liquidity reaching 22.9 million dinars.
Trading saw 78.9 million shares exchanged via 6513 transactions, with 33 shares traded. Of these, 17 shares gained, 12 shares lost, and 4 shares remained unchanged, along with posting profits.
The main market index also witnessed a slight uptick, climbing by 0.05 percent, or 3.28 points, to settle at 6123.00 points, accompanied by liquidity totaling 6.1 million dinars. Trading activity included 40.1 million shares through 2957 transactions, with 83 shares traded. Among these, 31 shares gained, 34 shares lost, and 18 shares remained unchanged.
The trading session began with increased liquidity exceeding 600 thousand Kuwaiti dinars, primarily focusing on leading stocks such as KFH and NBK, as well as projects.
However, as the session progressed, pressure emerged on the indices, leading to minor declines amid variable performance among leading stocks. Notably, while the shares of National Bank, Agility, and Senaat faced pressure, KFH shares and others experienced modest increases.
Amidst fluctuations, Future Kids’ stock marked a notable rise, closing at its peak of 141 fils, a growth of 4.4 percent. Nevertheless, overall liquidity remained below 30 million dinars, with changes remaining limited and the performance of leading stocks mixed.