Sunday 3 June 2012

STOCKS NEWS MIDEAST-Kuwait in biggest drop in 10 mths; Zain down - Yahoo! News Maktoob

Kuwait's index makes its largest drop in 10 months as global market declines and a downbeat outlook for the local economy spur investors to sell.
Telecoms operator Zain drops 1.4 percent and Islamic lender Kuwait Finance House (KFH) dips 1.3 percent, with both stocks now trading at around 2009 levels.
"In Kuwait, not much is happening economically and that is weighing on the market," says Shahid Hameed, Global Investment House head of asset management for the Gulf region.

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