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Sunday, 22 January 2017

Kuwait Stocks Extend World-Beating Rally Amid Mixed Gulf Markets - Bloomberg

Kuwait Stocks Extend World-Beating Rally Amid Mixed Gulf Markets - Bloomberg:

"Kuwaiti stocks advanced for a 13th day as trading jumped to the highest level in more than three years. Saudi Arabia’s main equity gauge rallied after the nation’s oil minister said output will remain below its OPEC commitment level.

Kuwait’s SE Price Index added 3.2 percent, the most since December 2014, bringing its gain this year to 16 percent,  the best performance among more than 90 gauges tracked by Bloomberg globally. With 880 million shares exchanged, volume was the highest in the Middle East.

The rally has been fueled by bets that the Capital Markets Authority and the local bourse will implement steps to boost inflows into an exchange where trading in most companies has lagged."



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