MIDEAST STOCKS-Kuwait shares rise on broad-based gains; others little changed - Reuters:
Broad-based gains pushed Kuwaiti shares
higher on Tuesday, with financial stocks leading the pack, while
other major bourses in the Gulf were little changed ahead of Eid
Al-Azha.
In Kuwait, the index leapt 2.6%, as most of the
stocks on the index ended higher including National Bank of
Kuwait, which was up 3.5%.
Kuwait's government has set a road map and a time frame to
improve the country's credit rating, a statement issued after a
cabinet meeting on Monday said, without giving details.
Saudi Arabia's benchmark index edged up 0.1%,
supported by a 0.8% gain in National Commercial Bank.
Dubai's main share index added 0.2%, with blue-chip
developer Emaar Properties rising 1.6%.
In Abu Dhabi, the index eased 0.2%, weighed by a 2.3%
fall in Abu Dhabi Commercial Bank (ADCB).
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