Boursa stays neutral, slight declines noted

KUWAIT CITY, March 6: The Boursa Kuwait remained relatively neutral for the third consecutive session, with slight declines observed, reports Al-Jarida daily.

Yesterday, the general market index edged down by 0.05 percent, closing at 7428.57 points. Liquidity volume stood at 44.8 million dinars, with 167.6 million shares exchanged through 12,700 transactions. Of the 125 listed shares, 50 gained, 60 lost, and 15 remained unchanged.

Similarly, the Premier Market Index experienced a minor decrease of 0.01 percent, settling at 8,149.38 points, with liquidity totaling 32.3 million dinars. Trading activity 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 saw a decline of 0.27 percent, closing 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.

While the trading session began with promising liquidity, particularly in shares of Arjan, KFH, Wataniya Investments, and Nour, some stocks faced selling pressure, resulting in minimal losses.

Despite declines in heavyweight stocks such as KFH and NBK, overall losses were contained, with liquidity remaining above 40 million dinars.

Meanwhile, GCC market indices showed varied performance, with bullish trends observed in markets like Oman and Bahrain. Conversely, the Dubai index experienced increased pressure, registering a 2 percent decline. However, oil prices exhibited resilience, trading in the green and nearing $83 per barrel.