"Kuwait's bourse suffered its largest one-day drop in seven months on Sunday in a profit-taking move analysts said was long overdue, while UAE markets extended their bullish run and other regional exchanges were mixed.
Kuwait's index lost 3 percent, down for a third session since Tuesday's 53-month peak and its biggest daily decline since October 2012.
"It was panic selling today rather than structured profit-taking but, nevertheless, it's a long overdue corrective move," said Fouad Darwish, head of brokerage at Global Investment House."
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