Kuwait Stock Exchange Begins Today's Trading with Slight Rise… CABLE and BEYOUT Lead Gainers

The First Market rose to 9394.05 points, an increase of 11.55 points, while the BK Main 50 index climbed to 8524.22 points, adding 27.82 points. The main market index rose to 8430.08 points, and the general index increased to 8851.53 points, up by 0.15%.

The real-time market chart shows some volatility during the first hour of trading before the index rebounded near the 9394-point level, reflecting limited liquidity that supported the upward movement.

Economic Indicators

Kuwait's economic indicators have shown mixed movements:

• The price of Kuwaiti oil decreased to $65.53, down by $1.08.
• The Consumer Price Index recorded a slight increase to 137.20.
• The Gross Domestic Product surged to 55,985.40 KWD, a strong increase of nearly 30%, indicating robust economic performance or a quarterly statistical update.

Top Gainers

CABLE stock led the gainers list with a noticeable rise at the beginning of the session.

BEYOUT stock also recorded good gains supported by strong liquidity exceeding one million shares, making it one of the key drivers of market movement.

Additionally, BOURSA, ARZAN, and NBK stocks saw gradual increases, contributing to an improved overall market sentiment.

Top Losers

On the other hand, certain stocks faced selling pressures, notably MKHZN, which recorded the largest decline compared to other companies, with heavy trading exceeding five million shares.

KINV, ABK, KRE, and MEZZAN stocks also dropped by varying percentages, reflecting a profit-taking wave on some operational stocks.

Top by Trading Value

GFH stock topped the list in terms of trading value, followed by KFH, which maintained strong activity since the session began.

Notable trading values were also observed on MKHZN and KRE, in addition to significant activity on BEYOUT stock.

General Analytical Outlook

It appears that the Kuwaiti market is moving today within a calm range, with a slight upward inclination, supported by a relative improvement in economic indicators. Despite the slight decline in oil prices, the liquidity traded within the market remains stable, especially in leading stocks.

Investors are showing a mildly positive neutrality, closely monitoring oil movements and global developments, while operational stocks and banks continue to play the largest role in maintaining the balance of the general index.