Browse related articles
The Kuwait stock market saw a collective sigh of relief last week as it appeared that the US attack on Iraq was apparently not as imminent as previously thought.
The main index closed up three per cent on the week at 2,075 points. Even a bomb hoax at the Kuwait Stock Exchange on Tuesday failed to derail the positive sentiment, and trading jumped by 25% over the previous week to a total of $333m.
However, the euphoria was lost on Saudi investors who still trod a cautious path, despite some good financial results from the Saudi Electricity Company, and some of the banks.
The all-share index closed down 0.2% at 2,638, although the Arab world's largest stock market is still 8.6% up so far this year. Brokers said a wait-and-see sentiment pervaded the market.
There were modest gains in stocks in Oman, Qatar and Bahrain, again with the expectation of attractive nine-month results luring investors back into the market. The UAE market was fairly quiet.
Kuwaiti stocks rebound on lessening of war fears
Apart from in Kuwait, most investors stayed on the sidelines last week waiting to see what happens in the diplomatic wrangling over Iraq.
Sunday, October 27 - 2002 at 10:40
- ADD ARTICLE TO
-
Facebook
del.icio.us
Digg">
Peter J. CooperSunday, October 27 - 2002 at 10:40 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer:
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AME Info Web site does not constitute advice or a recommendation by AME Info FZ LLC / Emap Limited and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AME Info Web site.
AME Info FZ LLC / Emap Limited can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AME Info Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / Emap Limited.
In no event shall AME Info FZ LLC / Emap Limited be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AME Info Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
Web Feeds