Kuwait's bourse makes its largest one-day drop since Dec. 4 as retail investors cash out ahead of holidays.
The index falls 0.6 percent to finish at 5,922 points. The market rallied 6.2 percent from early November till
Dec. 23, as bargain hunters and support from government buying lifted the market from eight-year nadir touched on Nov. 4.
"The market is totally driven by retails with no fundamental reasons," says Fouad Darwish, head of brokerage at Global Investment House. "We don't see any support from government buying in the last few days and that's making some people nervous and are getting out of Kuwait 15 index."
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