KUWAIT CITY, May 28: During the second week of trading on the Boursa Kuwait, major indices experienced notable losses; the general market index dropped by 0.68 percent, closing at 7080.50 points, with a total liquidity of 47.7 million dinars, reports Al-Jarida daily. A total of 208.6 million shares were traded through 14,597 transactions, resulting in 124 shares trading with profit, 34 shares in loss, and 73 shares remaining unchanged. Similarly, the Premier Market Index decreased by 0.77 percent, closing at 7,722.92 points, with a liquidity of 36.3 million dinars.

Trading saw 100 million shares exchanged through 8,283 transactions, with 33 shares gaining profit, 20 shares in loss, and 3 shares unchanged. The main market index also experienced a decline of 0.26 percent, closing at 5,947.13 points, with a liquidity of 11.3 million dinars. Trading witnessed 108.5 million shares exchanged through 6,314 transactions, with 91 shares gaining profit, 24 shares in loss, and 14 shares remaining unchanged. At the start of trading, Boursa Kuwait observed relatively weak activity, with initial liquidity lower than the monthly average. Trading focused on small and medium-sized stocks, with leading stocks stabilizing initially before facing increased pressure.

Factors contributing to this pressure included the upcoming review of MSCI Morgan Stanley indicators and geopolitical tensions following military actions in Rafah. Despite initial gains, small active stocks later experienced losses due to profit-taking operations, resulting in the overall market ending in the red. Liquidity remained close to previous levels, with selling liquidity dominating transactions. Additionally, recent amendments to the Boursa Kuwait’s trading rules allowed registered brokers to authorize unregistered brokers to receive orders. These amendments aim to streamline trading processes while maintaining accountability. In the wider GCC market, most indices experienced declines, possibly infl uenced by geopolitical events and anticipation of MSCI’s review. However, there were increases in oil and gold prices during trading.