Kuwait's market made its largest one-day gain in eight months on Monday, rebounding from an eight-year low as investor confidence improved after a political protest was less violent than investors had feared, while other Gulf bourses ended mixed.
Kuwaiti security forces fired tear gas to disperse an unauthorised demonstration on Sunday by thousands of opposition supporters. The country will hold parliamentary elections on Dec. 1.
"I doubt there will be demonstrations until the elections -that's giving relief to small investors to put money back into the market," said Fouad Darwish, head of brokerage at Global Investment House.
No comments:
Post a Comment