Monday 18 July 2011

Kuwait shares slump to new seven-year low - ArabianBusiness.com

Kuwait’s benchmark slumped to a new seven-year low after the country’s central bank governor said the economy needed corrections.

Sheikh Salem Abdul Aziz Al Sabah said the economy is witnessing an imbalance which could lead to a lot of risks, according to state news agency KUNA.

The benchmark slumped 1.6 percent to 5,973 points, its lowest close since September 2004.

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