Tuesday 23 October 2012

MIDEAST STOCKS-Kuwait comes off 10-week low; Gulf mixed in thin trade - Yahoo! News Maktoob

Kuwait's main stock index rose from Monday's 10-week low as bargain-hunters stepped in following two days of declines spurred by political unrest, while Gulf markets were mixed in thin trade as Eid holidays approached.
The Kuwaiti index climbed 0.5 percent on Tuesday. It had suffered its largest drop in more than three years on
Sunday, falling 3.1 percent, and extended those losses on the following day in the wake of political protests.
Police used teargas, stun grenades and baton charges on Sunday night to disperse thousands of demonstrators protesting against changes to the electoral law, which the opposition has called a constitutional coup by the government.

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