Late selling drags Kuwait’s index to a lower close as a post-election bounce proves short-lived, with sceptical investors waiting for the government to reveal firm plans on long-stalled plans to develop the non-oil economy.
Kuwaitis voted in a new parliament on Saturday that may prove to be more government-friendly after the opposition refused to stand in the election.
The share index slips 0.03 per cent to 5,942 points, trimming its gains since early November’s eight-year low to 5.2 per cent after hitting an intraday high of 6,004.
No comments:
Post a Comment