With Minimal Losses, KSE Sees Neutrality

The Kuwait Stock Exchange maintained a neutral stance for the third consecutive session, with marginal declines observed.

Yesterday, the general market index dipped by 0.05 percent, closing at 7428.57 points, with a liquidity volume of 44.8 million dinars. Trading activity involved 167.6 million shares exchanged through 12,700 transactions, with 125 shares listed. Among these, 50 gained, 60 lost, and 15 remained unchanged.

Similarly, as reported by Al-Jarida daily, the Premier Market Index experienced a slight drop of 0.01 percent, concluding at 8,149.38 points, with liquidity totaling 32.3 million dinars.

Trading activity in this segment involved 83.7 million shares across 6,801 transactions, with 33 listed shares. Among these, 17 gained, 11 lost, and 5 remained unchanged. The main market index also witnessed a decline of 0.27 percent, ending at 6,062.89 points, with liquidity reaching 12.5 million dinars.

Trading recorded 83.8 million shares through 5,899 transactions, with 92 listed shares. Of these, 33 gained, 49 lost, and 10 remained unchanged.

Despite the trading session commencing with promising liquidity, particularly in shares of Arjan, KFH, Wataniya Investments, and Nour, some stocks faced selling pressure, resulting in minimal losses. While heavyweight stocks like KFH and NBK experienced declines, overall losses were contained, with liquidity remaining above 40 million dinars.

In the GCC markets, varied performance was observed, with bullish trends noted in some markets such as Oman and Bahrain. Conversely, the Dubai index encountered increased pressure, registering a 2 percent decline. However, oil prices demonstrated resilience, trading in the green and nearing $83 per barrel.

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