The stock market continues to vary with liquidity of 56 million dinars

The Kuwait Stock Exchange continued its mixed state for the second session in a row during today’s trading, as both the primary and general market indices ended the session with a slight increase, while the main market index declined to a limited extent. The trading session witnessed fluctuations between rise and fall with a number of stocks moving between the green and red zones, but the cohesion of the leading stocks contributed to supporting the performance of the primary market index, and in turn was reflected in the general index to maintain its limited gains at the end of the session. The cohesion of the leading stocks came in conjunction with the approaching date for financial results announcements for the period. The nine months of the current year, amid expectations of achieving positive results, which enhances anticipation for the performance of companies during the coming period, especially since the growth in profits may reflect positively on the annual cash distributions, and gives stocks with strong fundamentals additional support. On the other hand, some stocks listed on the main market were subjected to noticeable declines, despite the limited quantities traded on them, which put pressure on the performance of the index and kept it in the region.

Al Hamra. The Warehousing stock listed in the first market topped the list of gainers, with an increase of nearly 3 percent, followed by the Building stock, with an increase of more than 2.4 percent. In the “main” group of stocks, a group of stocks recorded positive performance, although some of the gains were achieved through limited trading volumes, as Al Kout stock rose by about 10 percent, while the gains of the Ajyal and Gulf Insurance shares exceeded 4 percent each. Circulating liquidity and the traded value recorded a noticeable decline, unusually. In the middle of the week, it decreased by 20.6 percent and amounted to about 56 million dinars, compared to 70.6 million in yesterday’s session. “First” continued to occupy the largest share of that liquidity at a rate of 61 percent, while “Prime” acquired the remaining share of 39 percent. About 135 shares were traded, of which 44 shares rose, while 78 decreased, and remained stable. Prices for 13 stocks, and the weighted indices for 9 sectors in the market rose, led by the technology sector by 2.41 percent, and basic materials by 1.18 percent, while the indices for

4 sectors led by the health care sector by 3.77 percent, and consumer services by 0.89 percent. In details of the performance of the indicators, the general market index recorded increases of about 5.31 points, equivalent to 0.06 percent, reaching the level of 8.654 points, as 205 million shares were traded, conducted through 15,731 transactions. The Premier Market Index also gained about 10.26 points, or 0.11 in percent, reaching the level of 9,070 points, with liquidity worth 34.1 million dinars, and a volume of 97.7 million shares, completed through 6,871 transactions. While the “main” decreased by about 16.62 points, or 0.19 percent, to close at the level of 8,810 points, with a traded value of 21.9 million dinars, and a trading volume of 107.2 million shares, done through 8,860 transactions. As for the most traded shares in terms of value, KFH stock came first with a value of 4.19 million dinars, reaching a price of 770 fils, followed by IFA with 3.4 million dinars, reaching a price of 474 fils, then Wataniya with 2.77 million dinars, to close at a price of 139 fils, and Cleaning with 2.68 million dinars, reaching a price 340 fils, and the fifth allocation is 2.58 million

dinar, reaching a price of 184 fils. Al-Kout stock topped the list of stocks that rose the most, with a rate of 9.79 percent, but with only 13 shares traded, reaching a price of 796 fils, followed by Ajyal with 4.70 percent, with only 533 shares traded, reaching a price of 312 fils, then Gulf Insurance with 4.51 percent, with a trade of 9.7 thousand. share, reaching a price of 1,298 dinars, National by 3.73 percent, with 20.2 million shares traded, and Khamsa Petroleum by 3.27 percent, with 202.4 thousand shares traded, reaching a price of 790 fils. On the other hand, Imtiazat shares recorded a decline of 22.39 percent to top the list of the most declining stocks, but with only 834 shares traded, reaching to a price of 312 fils, followed by hotels with 8.26 percent, with 43.3 thousand shares traded, dropping to a price of 200 fils, then Umm Al Quwain with 6.29 percent, with 52.3 thousand shares traded, to close at a price of 134 fils, and Meydan with 6.01 percent, with 1,794 shares traded, to drop to a price of 860 fils. Fifthly, Injazat, by 4.73 percent, with about 1,071 shares traded, closing at 141 fils.