Thursday 20 September 2018

MIDEAST STOCKS-Gulf mostly little changed; Kuwait climbs before FTSE entry | Reuters

MIDEAST STOCKS-Gulf mostly little changed; Kuwait climbs before FTSE entry | Reuters:

Gulf stock markets were mostly little changed early on Thursday, but Kuwait climbed on expectations for passive fund inflows as it joins the FTSE Russell emerging market index.

Kuwait’s blue-chip index climbed 1.1 percent, with National Bank of Kuwait gaining 1.3 percent to its highest intra-day level in more than seven years. Kuwait Finance House was up 1.5 percent and Boubyan Bank added 3.0 percent.

The main market index, which includes smaller stocks, was up just 0.2 percent.

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