Wednesday 4 January 2012

MIDEAST STOCKS-Kuwait slumps to 7-yr low; Gulf markets mixed | Reuters

Kuwait's stock index fell to a seven-year low on Wednesday as foreign investors exited on political uncertainty in the Gulf Arab state, while other regional markets were mixed.

Heavyweight telecom operator Zain fell 1.1 percent, Commercial Bank of Kuwait shed 2.5 percent and Ahli United Bank dipped 1.2 percent.

The index slipped 0.5 percent, its largest one-day loss in six weeks, to end at its lowest close since August 2004 .

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