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Kuwait market extends its step-by-step rally

 
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Kirk
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PostPosted: Thu Mar 01, 2012 7:08 pm    Post subject: Kuwait market extends its step-by-step rally Reply with quote

The KSE Market Index added 0.11% to reach 6,133.6 Thursday. Fujairah Cement Industries Co. gained the most (up nine percent), while most banks underperformed, such as Al Ahli Bank of Kuwait (ABK), ending down 1.53%. The northern Gulf state's largest lender by assets National Bank of Kuwait (NBK) gained 1.7%. Bank of America Merrill Lynch expects the Kuwait economy's to grow by 5% in 2012, up from 4.1% in the previous year.
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