Thursday 20 February 2014

MIDEAST STOCKS-Kuwait hits 4-wk low on fear of trading suspensions; other mkts firm | Reuters

MIDEAST STOCKS-Kuwait hits 4-wk low on fear of trading suspensions; other mkts firm | Reuters:



"* Kuwait companies have until end-February to report earnings



* Kuwait 15 index of top companies barely falls



* Dubai resumes rising but some funds flowing to Qatar



* Saudis shift to real estate shares from blue chips



* Egypt triggers massive double bottom



By Nadia Saleem

DUBAI, Feb 20 (Reuters) - Kuwait's bourse fell to a four-week low on Thursday as investors sold shares because of concern that shares of companies which have not yet reported earnings could be suspended from trading.



Most other markets in the region were firm.

Kuwait's main index slid 0.8 percent to its lowest level since Jan. 19, while daily trading volume was the lowest so far this year.



"People are worried that companies will not fulfil CMA's (the regulator) rules on results," said Fouad Darwish, head of brokerage services at Global Investment House."



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