Kuwaiti stocks declined the most in two weeks, led by National Bank of Kuwait and Investment Dar Co., on concern that the government’s resignation will delay passage of an economic-stimulus plan.
National Bank of Kuwait, the country’s biggest bank by assets, dropped 5.5 percent, while Investment Dar Co., the financial-services company that owns half of Aston Martin Lagonda Ltd., sank 5.4 percent. The Kuwait Stock Exchange Index lost 1 percent, and the Kuwaiti dinar declined 0.5 percent to 0.2935 to the U.S. dollar in Kuwait trading at 3 p.m. today.
“There is a bit of nervousness among investors,” Faisal Hasan, head of research at the Kuwait-based Global Investment House KSCC, said in an interview from Kuwait City. “This political uncertainty might delay the approval of the economic stimulus plan which was to be debated in the parliament.”
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