KUWAIT CITY, June 20: Boursa Kuwait experienced a slight decline in its general index, which decreased by 27.3 points to reach 7,006 points, reflecting a 0.3% decrease. Trading activity remained robust with 177.4 million shares exchanged through 14,075 transactions, amounting to 48.1 million Kuwaiti dinars (approximately $7.146 million) in liquidity. Key highlights of the trading session include:
■ The Main Market index decreased by 12.3 points, reaching 5,959 points, down by 0.2%.
■ The Premier Market Index declined by 32.56 points to 7,622.27 points, a decrease of 0.4%.
■ The (Main 50) index saw a slight increase of 10.8 points, reaching 5,802 points, up by 0.1%. Notable movers included “Mubarrad,” which saw the highest increase at 12.09%, while “UPAC” led the declines with a decrease of 11.48%.

The Gulf Bank’s stock was the most actively traded, with a volume of 33.29 million shares and liquidity of 9.53 million dinars. Foreign investors have shown confidence in the Kuwaiti stock market, with net purchases amounting to 93.3 million dinars so far in 2024 while institutional investors and investment funds also contributed significantly to the buying trend, further enhancing market stability and investor confidence.

Moreover, Kuwait’s ownership of US Treasury bonds decreased by 3.02% in April 2024, totaling $44.91 billion, compared to $46.31 billion in March 2024. Despite this monthly decline, Kuwait’s year-over-year possession of US Treasury bonds increased by 8.50%, demonstrating ongoing strategic investment in global financial markets. Overall, despite fluctuations in specific indices and bond holdings, Kuwait’s financial markets continue to attract interest and investment, supported by positive economic indicators and robust investor sentiment.

By Mohammed Al-Shendi

Al-Seyassah/Arab Times Staff