Kuwait's bourse rallies and volumes spike to their highest in nearly four months as retail investors return, while profit-taking weighs on UAE and Qatar bourses.
Kuwait's measure finishes 0.9 percent higher at 5,839 points, up for an eighth session in last nine.
Buying momentum has returned but mainly in smaller caps, as retail traders shelve political woes and almost all companies report quarterly earnings before the August 16 deadline.
"The smaller stocks continue to dominate the market - you have inter-funds buying stocks again," says Fouad Darwish, head of brokerage at Global Investment House. "People were waiting and minimizing risk due to fears of suspension on stocks but after the deadline when almost every single company reported their financials, it gave a huge boost to the market."
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