Kuwait's bourse rose to a fresh 15-week high on Thursday on talk of state-linked buying and on hopes the political deadlock in the Gulf state may soon reach a resolution, while other Gulf markets finished mixed.
Large-cap stocks rose in heavy trading. Telecom operator Zain climbed 1.4 percent, Kuwait Finance House
gained 2.7 percent and Gulf Bank added 1.2 percent.
Market sentiment lifted this week on talk the Kuwait government institutions are buying bluechip stocks, helping
support the market which is up 5.5 percent from August's eight-year low.
No comments:
Post a Comment