The Kuwait Stock Exchange rose at the beginning of trading, supported by 8 Kuwaiti stock sectors reaching the green color
The Kuwait Stock Exchange, a key financial hub, witnessed a notable surge in its primary indicators on Sunday. The trading day began with an optimistic outlook, bolstered by advancements across eight leading sectors, spearheaded by financial services.
Overview of KSE’s Performance Today
As of 09:20 AM Kuwait time, major indices reflected a positive trend. The primary market index rose by 0.28%, while the “general” index grew by 0.26%. Additionally, both the main 50 and main indices increased by 0.20% and 0.17%, respectively, surpassing Thursday’s levels.
Volume and Value of Trading
During this period, the Kuwait Stock Exchange recorded trades worth 4.92 million dinars, distributed over 24.70 million shares through 851 transactions.
Sector-wise Performance
Eight sectors experienced a remarkable upturn, with financial services leading at 0.90%, followed by the real estate sector at 0.64%. Conversely, five other sectors remained stable.
Notable Stock Movements
At the mentioned time, six stocks, notably “Al-Rabita,” dropped by 2.62%, while 49 stocks, prominently “Al-Deera,” surged by 6.09%. Fifteen stocks maintained their stability.
Focus on Stock “EFA”
The stock “EFA” exhibited exceptional performance, soaring by 3.57%. Trading activity for “EFA” reached a significant volume of 5.98 million shares, totaling a liquidity value of 1.54 million dinars across 118 transactions.
Conclusion
The day’s trading at the Kuwait Stock Exchange showcased positive momentum across various indices and sectors, with notable advancements in specific stocks like “EFA,” signifying a robust market performance.
