MIDEAST STOCKS-Upbeat Kuwait hits one-month high; Saudi mixed after earnings | News by Country | Reuters:
"Kuwait's bourse stood out in an otherwise sluggish region on Sunday as investors were encouraged by government spending plans, a positive outlook for the banking sector and a string of debt settlement deals.
The Kuwaiti index climbed 1.5 percent to a one-month closing high of 7,179 points, its biggest daily gain since October. Trading volume picked up to its highest level since mid-May, a positive technical sign.
Fouad Darwish, head of brokerage services at Global Investment House in Kuwait, said investors' optimism was fuelled by expectations for higher state investment in long-delayed infrastructure projects, as well as signs of recovery in the corporate and banking sectors."
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