KUWAIT CITY, Dec 23: The main market index (“Main 50”) ended the weekend trading session with an increase of about 104.7 points, while the general index of the main market closed with an increase of 76.71 points, under the influence of some transactions that witnessed heavy inactive stocks in the market, reports Al-Rai daily. The Premier Market Index, whose components account for 87 percent of the total market value of listed companies, was the only one that contradicted the course of the Kuwait Stock Exchange indices Thursday, recording a slight decline of about 12.28 points, while the score of the general index of the Stock Exchange increased by about 10.8 points.

Stock market transactions during the weekend session were not without intensification of buying and trading in stocks that were close to moving from the general main market to the “Main 50” or from the “Main 50” to Premier Market in light of the fulfillment of the technical conditions and requirements for that, while the week coincides next with the last trading of the year 2023, as some portfolios and funds are expected to compete to compensate for the declines in their investment positions and their concentrations in leading stocks given last month’s closings. The latest trading on the stock exchange increased the market value of all listed stocks by about 67.57 million dinars, bringing the total value to 40.58 billion dinars (still a decline of 13.2 percent on an annual basis, but the current month’s performance increased in value of 2.5 percent).