Mideast Stocks: Gulf little changed early on, Kuwait outperforms again | ZAWYA MENA Edition:
"Gulf stock markets were little changed in early trade on Sunday as Kuwait continued to outperform after its central bank left interest rates unchanged on Wednesday, despite the U.S. Federal Reserve's rate increase.
The Kuwait stock index added 0.6 percent after surging 1.5 percent on Thursday. Kuwait Finance House climbed 1.4 percent.
Kuwait's central bank cited a desire to boost economic growth for its decision. Other Gulf Arab central banks did raise rates, but the other countries peg their currency to the U.S. dollar. Kuwait has only a managed float against a dollar-dominated basket, giving it more flexibility in monetary policy."
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